S&P Announces Changes to US Indices: MON for TYC, NU for TYC, WW for NU, ESE for WW, OSIP for FOE, EHTH for CHB, APEI for GGC, TNDM for IWOV

March 5, 2009 5:19 PM EST

S&P 500 constituent Monsanto Co. (NYSE: MON) will replace Tyco International Ltd. (NYSE: TYC) in the S&P 100, S&P MidCap 400 constituent Northeast Utilities (NYSE: NU) will replace Tyco International in the S&P 500, S&P SmallCap 600 constituent Watson Wyatt Worldwide Inc. (NYSE: WW) will replace Northeast Utilities in the S&P MidCap 400, and ESCO Technologies Inc. (NYSE: ESE) will replace Watson Wyatt in the S&P SmallCap 600, all after the close of trading on a date to be announced. Tyco is in the process of redomesticating to Switzerland, which will render it ineligible for continued inclusion in the S&P 100 & 500 indices.

OSI Pharmaceuticals Inc. (NASDAQ: OSIP) will replace Ferro Corp. (NYSE: FOE) in the S&P MidCap 400 after the close of trading on Thursday, March 12. As of today’s close of trading, Ferro had a market capitalization of approximately $40 million ranking it 400th in the index.

eHealth Inc. (NASDAQ: EHTH) will replace Champion Enterprises Inc. (NYSE: CHB), and American Public Education Inc. (NASDAQ: APEI) will replace Georgia Gulf Corp. (NYSE: GGC) in the S&P SmallCap 600, after the close of trading on Thursday, March 12. As of today’s close of trading, Champion Enterprises and Georgia Gulf had market capitalizations of approximately $16 million and $12 million respectively, whereas the minimum market cap needed to be admitted to the index is currently $200 million.

Neutral Tandem Inc. (NASDAQ: TNDM) will replace Interwoven Inc. (NASDAQ: IWOV) in the S&P SmallCap 600 after the close of trading on a date to be announced. Autonomy Corporation plc is acquiring Interwoven in a deal that is still pending final approvals.


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Stocks Mentioned

APEI 33.97

+1.44 +4.43%
Volume: 436,745
Track APEI

CHB 0.21

-0.01 -4.55%
Volume: 719,414
Track CHB

EHTH 13.71

-0.30 -2.14%
Volume: 84,172
Track EHTH

ESE 41.60

-0.39 -0.93%
Volume: 161,621
Track ESE

FOE 6.65

+0.21 +3.26%
Volume: 3,049,328
Track FOE

GGC 14.95

+0.03 +0.20%
Volume: 251,392
Track GGC

IWOV 16.00

+0.00 +0.00%
Volume: 5,707,546
Track IWOV

MON 69.14

-0.32 -0.46%
Volume: 4,344,131
Track MON

NU 23.10

-0.07 -0.30%
Volume: 899,204
Track NU

OSIP 33.32

+0.18 +0.54%
Volume: 442,033
Track OSIP

TNDM 23.23

-0.63 -2.64%
Volume: 350,924
Track TNDM

TYC 34.27

+0.03 +0.09%
Volume: 3,060,440
Track TYC

WW 44.31

-0.30 -0.67%
Volume: 349,699
Track WW


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