S&P Announces Changes to U.S. Indices (ISRG for BSC, ZEUS for XRIT, MGLN for BFAM)

May 22, 2008 5:21 PM EDT

S&P MidCap 400 constituent Intuitive Surgical Inc. (NASDAQ: ISRG) will replace The Bear Stearns Companies Inc. (NYSE: BSC) in the S&P 500, S&P SmallCap 600 constituent The Shaw Group Inc. (NYSE: SGR) will replace Intuitive Surgical in the S&P MidCap 400, and II-VI Inc. (NASDAQ: IIVI) will replace The Shaw Group in the S&P SmallCap 600 after the close of trading on Friday, May 30. Bear Stearns is being acquired by S&P 500 and S&P 100 constituent JPMorgan Chase & Co. (NYSE: JPM) in a deal expected to close before the open of trading on June 2, pending final approvals.

Olympic Steel Inc. (NASDAQ: ZEUS) will replace X-Rite Inc. (NASDAQ: XRIT) in the S&P SmallCap 600 after the close of trading on Tuesday, May 27. As of today’s close of trading, X-Rite had a market cap of $38 million, ranking 600th in the index.

Magellan Health Services Inc. (NASDAQ: MGLN) will replace Bright Horizons Family Solutions Inc. (NASDAQ: BFAM) in the S&P SmallCap 600 on a date to be announced. Bright Horizons is being acquired by Bain Capital Partners in a deal that is still pending final approvals.


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Stocks Mentioned

BFAM 48.24

+0.00 +0.00%
Volume: 0
Track BFAM

BSC 10.10

+0.00 +0.00%
Volume: 1,656
Track BSC

IIVI 28.80

+0.32 +1.12%
Volume: 55,385
Track IIVI

ISRG 284.90

+4.36 +1.55%
Volume: 427,888
Track ISRG

JPM 42.22

-0.27 -0.64%
Volume: 39,217,005
Track JPM

MGLN 36.87

+0.10 +0.27%
Volume: 415,322
Track MGLN

SGR 32.57

+0.00 +0.00%
Volume: 1,350,683
Track SGR

XRIT 2.14

+0.05 +2.39%
Volume: 88,038
Track XRIT

ZEUS 29.13

+1.40 +5.05%
Volume: 261,543
Track ZEUS


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