NEW YORK, Oct. 31, 2011 /PRNewswire/ -- S&P SmallCap 600 constituent Signature Bank (NASD: SBNY) will replace Kinetic Concepts Inc. (NYSE: KCI) in the S&P MidCap 400 index, and OPNET Technologies Inc. (NASD: OPNT) will replace Signature Bank in the S&P SmallCap 600 index after the close of trading on Friday, November 4. Kinetic Concepts is being acquired by a group led by Apax Partners in a deal expected to be completed on or about that date pending final conditions.
S&P Indices will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Signature Bank provides business and personal banking products and services. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.
OPNET Technologies provides application and network performance management solutions. Headquartered in Bethesda, MD, the company will be added to the S&P SmallCap 600 GICS Systems Software Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – November 4, 2011 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
Signature Bank |
Financials |
Regional Banks |
|
DELETED |
Kinetic Concepts |
Health Care |
Health Care Equipment |
|
S&P SMALLCAP 600 INDEX – November 4, 2011 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
OPNET Technologies |
Information Technology |
Systems Software |
|
DELETED |
Signature Bank |
Financials |
Regional Banks |
|
For more information about S&P Indices, please visit www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.
For more information contact: |
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David M. Blitzer, Ph.D. Managing Director & Chairman of the Index Committee (212) 438-3907 |
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SOURCE S&P Indices
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