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

NEW YORK, March 5 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:

  • S&P 500 constituent Monsanto Co. (NYSE: MON) will replace Tyco International Ltd. (NYSE: TYC) in the S&P 100, S&P MidCap 400 constituent Northeast Utilities (NYSE: NU) will replace Tyco International in the S&P 500, S&P SmallCap 600 constituent Watson Wyatt Worldwide Inc. (NYSE: WW) will replace Northeast Utilities in the S&P MidCap 400, and ESCO Technologies Inc. (NYSE: ESE) will replace Watson Wyatt in the S&P SmallCap 600, all after the close of trading on a date to be announced. Tyco is in the process of redomesticating to Switzerland, which will render it ineligible for continued inclusion in the S&P 100 & 500 indices.

  • OSI Pharmaceuticals Inc. (Nasdaq: OSIP) will replace Ferro Corp. (NYSE: FOE) in the S&P MidCap 400 after the close of trading on Thursday, March 12. As of today's close of trading, Ferro had a market capitalization of approximately $40 million ranking it 400th in the index.

  • eHealth Inc. (Nasdaq: EHTH) will replace Champion Enterprises Inc. (NYSE: CHB), and American Public Education Inc. (Nasdaq: APEI) will replace Georgia Gulf Corp. (NYSE: GGC) in the S&P SmallCap 600, after the close of trading on Thursday, March 12. As of today's close of trading, Champion Enterprises and Georgia Gulf had market capitalizations of approximately $16 million and $12 million respectively, whereas the minimum market cap needed to be admitted to the index is currently $200 million.

  • Neutral Tandem Inc. (Nasdaq: TNDM) will replace Interwoven Inc. (Nasdaq: IWOV) in the S&P SmallCap 600 after the close of trading on a date to be announced. Autonomy Corporation plc is acquiring Interwoven 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.

Monsanto is a provider of agricultural products for farmers. It is headquartered in St. Louis, MO.

Northeast Utilities is engaged primarily in the energy delivery business. Headquartered in Springfield, MA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Electric Utilities Sub-Industry index.

Watson Wyatt is a consulting firm, providing human capital and financial management consulting services. Headquartered in Arlington, VA, the company will be added to the S&P MidCap 400 GICS Human Resource & Employment Services Sub-Industry index.

ESCO Technologies is a producer of engineered products and systems. Headquartered in St. Louis, MO, the company will be added to the S&P SmallCap 600 GICS Industrial Machinery Sub-Industry index.

OSI Pharmaceuticals is a biotechnology company. Headquartered in Melville, NY, the company will be added to the S&P MidCap 400 GICS Biotechnology Sub-Industry index.

eHealth offers Internet-based insurance agency services as well as technology licensing and Internet advertising services. Headquartered in Mountain View, CA, the company will be added to the S&P SmallCap 600 GICS Insurance Brokers Sub-Industry index.

American Public Education is a provider of online postsecondary education. Headquartered in Charles Town, WV, the company will be added to the S&P SmallCap 600 GICS Education Services Sub-Industry index.

Neutral Tandem is a provider of tandem interconnection services. Headquartered in Chicago, IL, the company will be added to the S&P SmallCap 600 GICS Communications Equipment Sub-Industry index.

Following is a summary of the changes:

                                S&P 100 INDEX  -  TBA
                 COMPANY   GICS ECONOMIC SECTOR         GICS SUB-INDUSTRY
      ADDED     Monsanto        Materials                Fertilizers &
                                                    Agricultural Chemicals

     DELETED      Tyco         Industrials          Industrial Conglomerates
             International



                                 S&P 500 INDEX  -  TBA
                 COMPANY     GICS ECONOMIC SECTOR       GICS SUB-INDUSTRY
      ADDED    Northeast       Utilities              Electric Utilities
               Utilities

     DELETED      Tyco         Industrials          Industrial Conglomerates
             International



                           S&P MIDCAP 400 INDEX - TBA
                COMPANY   GICS ECONOMIC SECTOR         GICS SUB-INDUSTRY
      ADDED  Watson Wyatt      Industrials               Human Resource &
                                                       Employment Services

     DELETED  Northeast        Utilities               Electric Utilities
              Utilities



                               S&P SMALLCAP 600 INDEX  - TBA
                   COMPANY        GICS ECONOMIC SECTOR      GICS SUB-INDUSTRY
      ADDED  ESCO Technologies       Industrials              Industrial
                                                               Machinery

               Neutral Tandem   Information Technology       Communications
                                                                Equipment

     DELETED   Watson Wyatt         Industrials             Human Resource &
                                                          Employment Services

               Interwoven     Information Technology      Internet Software &
                                                                Services



                           S&P MIDCAP 400 INDEX - March 12, 2009
                  COMPANY          GICS ECONOMIC SECTOR     GICS SUB-INDUSTRY
      ADDED        OSI                 Health Care             Biotechnology
             Pharmaceuticals

     DELETED      Ferro                 Materials          Specialty Chemicals



                         S&P SMALLCAP 600 INDEX - March 12, 2009
                 COMPANY          GICS ECONOMIC SECTOR      GICS SUB-INDUSTRY
      ADDED     eHealth               Financials             Insurance Brokers

             American Public     Consumer Discretionary     Education Services
               Education

     DELETED   Champion        Consumer Discretionary          Homebuilding
              Enterprises

             Georgia Gulf             Materials            Commodity Chemicals

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 $1.5 trillion invested and $4.85 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 and markets, 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 http://www.standardandpoors.com.

SOURCE Standard & Poor's

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