NEW YORK, March 17 /PRNewswire/ -- Standard & Poor's will make the
following changes to the S&P MidCap 400 and S&P SmallCap 600:
-- MoneyGram International Inc. (NYSE: MGI) will be removed from the S&P
MidCap 400 after the close of trading on Tuesday, March 18. As of
today's close of trading, MoneyGram International had a market value
of approximately $160 million, ranking 400th in the index.
-- Apollo Investment Corp. (Nasdaq: AINV) will be added to the S&P MidCap
400 after the close of trading on Wednesday, March 19, taking the
place vacated by MoneyGram International.
-- Air Methods Corporation (Nasdaq: AIRM) will replace Possis Medical
Inc. (Nasdaq: POSS) in the S&P SmallCap 600 after the close of trading
on Tuesday, March 25. Possis Medical is being acquired by S&P Global
1200 constituent Bayer AG in a tender offer expected to be completed
on or about that date.
Standard & Poor's will monitor these transactions, and post any
relevant updates on its website: http://www.standardandpoors.com.
Apollo Investment Corp. is a business development company that provides
subordinated debt and equity capital to middle-market companies.
Headquartered in New York, NY, the company will be added to the S&P MidCap
400 GICS (Global Industry Classification Standard) Asset Management and
Custody Banks Sub- Industry index.
Air Methods Corporation provides air medical transportation services
and systems in the United States. Headquartered in Englewood, CO, the
company will be added to the S&P SmallCap 600 GICS Health Care Services
Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX - March 18, 2008
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR
DELETED MoneyGram Information Data Processing &
International Technology Outsourced
Services
S&P MIDCAP 400 INDEX - March 19, 2008
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR
ADDED Apollo Financials Asset Management &
Investment Custody Banks
S&P SMALLCAP 600 INDEX - March 25, 2008
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR
ADDED Air Methods Health Care Health Care
Services
DELETED Possis Medical Health Care Health Care
Equipment
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.
About Standard & Poor's
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