Standard & Poor’s announces following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
S&P SmallCap 600 constituent Landstar System Inc. will replace Pacific Sunwear of California Inc. in the S&P MidCap 400, and American Science and Engineering Inc. will replace Landstar System in the S&P SmallCap 600, after the close of trading on Friday, 16 January. On the same date, S&P SmallCap 600 constituent Immucor Inc. will replace Furniture Brands International Inc. in the S&P MidCap 400, and AeroVironment Inc. will replace Immucor in the S&P SmallCap 600.
As of 14 January, Pacific Sunwear and Furniture Brands had market capitalizations of approximately $74 million and $109 million respectively, whereas the minimum market capitalization needed for admission to the S&P MidCap 400 index is currently $750 million.
Bio-Reference Laboratories Inc. will replace Mentor Corp. in the S&P SmallCap 600 after the close of trading on a date to be announced. S&P 100 & 500 constituent Johnson & Johnson is acquiring Mentor in a transaction expected to be completed soon, pending final approvals.
Landstar System is a provider of transportation capacity and logistics services. Headquartered in Jacksonville, FL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Trucking Sub-Industry index.
American Science and Engineering develops, manufactures, markets, and sells X-ray and other inspection equipment. Headquartered in Billerica, MA, the company will be added to the S&P SmallCap 600 GICS Aerospace & Defense Sub-Industry index.
Immucor provides automated instrument-reagent systems to the blood transfusion industry. Headquartered in Norcross, GA, the company will be added to the S&P MidCap 400 GICS Health Care Supplies Sub-Industry index.
AeroVironment designs, develops, produces and supports a portfolio of small unmanned aircraft systems, and fast-charge systems for electric industrial vehicle batteries. Headquartered in Monrovia, CA, the company will be added to the S&P SmallCap 600 GICS Aerospace & Defense Sub-Industry index.
Bio-Reference Laboratories is an independent regional clinical laboratory. Headquartered in Elmwood Park, NJ, the company will be added to the S&P SmallCap 600 GICS Health Care Services Sub-Industry index.
L.D.