S&P details changes to SmallCap 600 |
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Thu, 25 Oct 2007 23:22
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NEW YORK (AP) - Standard & Poor's said Thursday specialty product maker Zep Inc. will replace Cost Plus Inc., a home furnishing products retailer, in the S&P SmallCap 600 on Oct. 31.S&P said it will make the change because Zep is being spun off by lighting equipment maker Acuity Brands Inc. and Cost Plus now has a market capitalization of about $72 million, ranking it 600th in the index.Standard & Poor's also said coal producer Patriot Coal Co. will replace PolyMedica Corp., a supplier of diabetes treatment products, in the S&P SmallCap 600 on the same day.PolyMedica is being bought by prescription drug benefit manager MedcoHealth Solutions Inc. Meanwhile, Patriot is being spun off by coal producer Peabody Energy Corp.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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