Standard & Poor's Announces Changes to S&P SmallCap 600 Index
July 08 2004 - 7:07PM
PR Newswire (US)
Standard & Poor's Announces Changes to S&P SmallCap 600
Index NEW YORK, July 8 /PRNewswire/ -- Standard & Poor's will
make the following changes to the S&P SmallCap 600 Index after
the close of trading Thursday, July 15, 2004: * S&P SmallCap
600 components Belden Inc. (NYSE:BWC) and Cable Design Technologies
(NYSE:CDT) are merging in a transaction anticipated to close on or
about that date, pending shareholder approval. The merged company,
Belden CDT Inc. (NYSE:BDC), will replace Cable Design Technologies,
while FindWhat.com (NASD: FWHT) will replace Belden, in the S&P
SmallCap 600. * S&P REIT Composite Index constituent CRT
Properties (NYSE:CRO) will replace InVision Technologies Inc.
(NASD: INVN) in the Index. InVision is being acquired by S&P
500 constituent General Electric Co. (NYSE:GE) in a deal expected
to close on or about that date, pending regulatory approval.
Standard & Poor's will monitor these transactions, and post any
relevant updates on its website: http://www.standardandpoors.com/.
Belden CDT is a manufacturer of high-speed electronic copper cable,
focusing on the specialty electronics and data networking markets.
Headquartered in St. Louis, MO, the company will be added to the
S&P SmallCap 600 GICS (Global Industry Classification Standard)
Communications Equipment Sub-Industry Index. FindWhat.com develops
and markets performance-based advertising services for the
Internet. Headquartered in Fort Myers, FL, the company will be
added to the S&P SmallCap 600 GICS Internet Software &
Services Sub-Industry Index. CRT Properties is a real estate
investment trust that owns and manages suburban office buildings in
the southeastern and southwestern U.S. Headquartered in Boca Raton,
FL, the company will be added to the S&P SmallCap 600 Real
Estate Investment Trusts Sub-Industry Index. Following is a summary
of the changes: S&P SMALLCAP 600 INDEX - July 15, 2004 COMPANY
GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Belden CDT Inc.
Information Technology Communications Equipment FindWhat.com
Information Technology Internet Software & Services CRT
Properties Inc. Financials Real Estate Investment Trusts DELETED
Cable Design Information Technology Communications Technologies
Equipment Belden Inc. Industrials Electrical Components &
Equipment InVision Technologies Industrials Aerospace & Defense
Additions to and deletions from an S&P equity index do not in
any way reflect an opinion on the investment merits of the
companies concerned. Standard & Poor's, a division of The
McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider
of independent credit ratings, indices, risk evaluation, investment
research, data and valuations. With 5000 employees located in 20
countries, 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/. Founded in 1888, The McGraw-Hill
Companies is a leading global information services provider meeting
worldwide needs in the financial services, education and business
information markets through leading brands such as Standard &
Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has
more than 322 offices in 33 countries. Sales in 2003 were $4.8
billion. Additional information is available at
http://www.mcgraw-hill.com/. DATASOURCE: Standard & Poor's
CONTACT: David M. Blitzer, Ph.D. Managing Director & Chairman
of the Index Committee (212) 438-3907 Web site:
http://www.standardandpoors.com/ http://www.mcgraw-hill.com/
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