NEW YORK, Nov. 10 /PRNewswire-FirstCall/ -- Standard & Poor's will make
the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600
indices:
-- Wynn Resorts Ltd. (Nasdaq: WYNN) will replace Ashland Inc. (NYSE: ASH)
in the S&P 500, Ashland will replace Lear Corp. (NYSE: LEA) in the S&P MidCap
400, S&P MidCap 400 constituent DENTSPLY International Inc. (Nasdaq: XRAY)
will replace Hercules Inc. (NYSE: HPC) in the S&P 500, and Bucyrus
International Inc. (Nasdaq: BUCY) will replace DENTSPLY in the S&P MidCap 400
after the close of trading on Thursday, November 13. Ashland is acquiring
Hercules in a transaction that will result in a company with a market value
appropriate for the S&P MidCap 400, and which is expected to close on or about
that date, pending final approvals. As of today's close of trading Lear Corp.
had a market value of approximately $129 million, ranking 400th in the S&P
MidCap 400 index.
-- Eagle Materials Inc. (NYSE: EXP) will replace Secure Computing Corp.
(Nasdaq: SCUR) in the S&P SmallCap 600 after the close of trading on Friday,
November 14. Secure Computing is being acquired by S&P MidCap 400 constituent
McAfee Inc. (NYSE: MFE) in a deal expected to close on or about that date,
pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant
updates on its website: www.standardandpoors.com.
Wynn Resorts designs, develops, finances and constructs gaming projects in
Las Vegas and Macau. Headquartered in Las Vegas, NV, the company will be
added to the S&P 500 GICS (Global Industry Classification Standard) Casinos &
Gaming Sub-Industry index.
DENTSPLY produces a broad range of products for the dental market.
Headquartered in York, PA, the company will be added to the S&P 500 GICS
Health Care Supplies Sub-Industry index.
Ashland is a diversified chemicals company. Headquartered in Covington,
KY, the company will be added to the S&P MidCap 400 GICS Diversified Chemicals
Sub-Industry index.
Bucyrus International manufactures large-scale surface and underground
mining equipment used for mining coal, iron ore, copper, oil sands and other
minerals.
