Standard & Poor's News

Standard & Poor's Announces Changes to U.S. Indices

NEW YORK, June 30 PRNewswire — Standard & Poor's will make the following changes to the S&P MidCap 400 and SmallCap 600 indices after the close of trading on Wednesday, July 2:

— S&P SmallCap 600 constituent IDEXX Laboratories Inc. (Nasdaq: IDXX) will replace Getty Images Inc. (NYSE: GYI) in the S&P MidCap 400, and Balchem Corp. (Nasdaq: BCPC) will replace IDEXX Laboratories in the S&P SmallCap 600. Getty Images is being taken private by Hellman & Friedman LLC in a deal expected to close on or about that date, pending final approvals.

Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.

Idexx Laboratories provides diagnostic, detection and information systems for veterinary, food and water testing applications. Headquartered in Westbrook, ME, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.

Balchem develops, manufactures and markets ingredients and products for the food, feed and medical sterilization industries. Headquartered in New Hampton, NY, the company will be added to the S&P SmallCap 600 GICS Specialty Chemicals Sub-Industry index.

Following is a summary of the changes: S&P MIDCAP 400 INDEX - July 2, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED IDEXX Laboratories Health Care Health Care Equipment DELETED Getty Images Consumer Discretionary Publishing S&P SMALLCAP 600 INDEX - July 2, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Balchem Materials Specialty Chemicals DELETED IDEXX Laboratories Health Care Health Care Equipment

Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.

About Standard & Poor's Index Services

Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.32 trillion invested and $4.91 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit www.standardandpoors.com/indices.

About Standard & Poor's

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit: www. standardandpoors.com.

About The McGraw-Hill Companies:

Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2007 were $6.8 billion. Additional information is available at http://www.mcgraw-hill.com.

SOURCE Standard & Poor's

Send this news item to a friend.

Print This Page