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Standard & Poor's Announces Changes to U.S. Indices - 22-05-08 - May 27 2008 12:43AM
Thursday, May 22, 2008 6:04 PM


Standard & Poor's Announces Changes to U.S. Indices ng changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
    -- 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.

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

Intuitive Surgical offers the da Vinci Surgical System, which uses advanced robotics and computerized visualization technology for minimally invasive surgeries. Headquartered in Sunnyvale, CA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.

The Shaw Group supplies industrial piping systems, mainly for the electric power, refining and chemical industries. Headquartered in Baton Rouge, LA, the company will be added to the S&P MidCap 400 GICS Construction & Engineering Sub-Industry index.

II-VI offers high-technology materials and derivative products for precision use in industrial, medical, military, security and aerospace applications.



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