Standard & Poor’s will make the following changes in the S&P MidCap 400 and S&P SmallCap 600 Indices:
Lennar Corp. will replace Meritor Automotive in the S&P MidCap 400 Index after the close of trading on Thursday, July 6, 2000. S&P MidCap 400 component Arvin Industries is acquiring Meritor Automotive in a transaction anticipated to close on that date. The transaction is still subject to shareholder approval.
Imperial Bancorp will replace AMCOL International in the S&P SmallCap 600 Index after the close of trading on Friday, June 30, 2000. AMCOL International has adopted a plan of partial liquidation under which $14 per share will be distributed to shareholders on or about that date.
ViaSat Inc. will replace Sports Authority in the S&P SmallCap 600 Index after the close of trading on Friday, June 30, 2000. Sports Authority is being removed for lack of representation.
Lennar Corp. is a leading builder of affordable, move-up and retirement homes for all generations, with operations in 13 states. The company, headquartered in Miami, FL, will be added to the S&P MidCap 400 Homebuilding industry group.
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Imperial Bancorp is a holding company whose principal subsidiary, Imperial Bank, operates regional banking offices primarily in the western U.S. The company, headquartered Inglewood, CA, will be added to the S&P SmallCap 600 Banks (Regional) industry group.
ViaSat Inc. designs, produces, and markets advanced digital satellite telecommunications and wireless signal processing equipment for government and commercial markets. The company, headquartered in Carlsbad, CA, will be added to the S&P SmallCap 600 Communications Equipment industry group.
Following is a summary of the announced changes:
S&P MIDCAP 400 INDEX-July 6, 2000
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED Lennar Corp. Consumer Cyclicals Homebuilding
DROPPED Meritor Automotive Consumer Cyclicals Auto Parts & Equipment
S&P SMALLCAP 600 INDEX-June 30, 2000
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED Imperial Bancorp Financials Banks(Regional)
ViaSat Inc. Technology Communications Equipment
DROPPED AMCOLInternational Capital Goods Manufacturing(Diversified)
Sports Authority Consumer Cyclicals Retail (Specialty)
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., provides financial, economic and investment information and analytical services to the global financial community. S&P calculates and maintains the S&P Global 1200 Index, which includes the S&P Europe 350, the S&P/TSE 60 for Canada, the S&P 500 for the U.S., the S&P/TOPIX for Japan, the S&P Asia/Pacific 100, and the S&P Latin America 40. S&P also publishes the S&P MidCap 400, S&P SmallCap 600, S&P SuperComposite 1500 and S&P REIT Composite for the U.S. and the S&P/TSE Canadian MidCap and S&P/TSE Canadian SmallCap Indices. Over $1 trillion is indexed to S&P Indices.
Founded in 1888, The McGraw-Hill Companies is a global information services provider serving the financial services, education and business information markets through leading brands such as Standard & Poor’s, Business Week and McGraw-Hill Education. The corporation has more than 400 offices in 32 countries. Sales in 1999 were $4.0 billion. Additional information is available at www.mcgraw-hill.com.
