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S&P to add Idex to MidCap 400


Published :
Fri, 27 Jul 2007 13:26
By : Agencies
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NEW YORK (AP) - Standard & Poor's said industrial products maker Idex Corp. will replace Bisys Group Inc. in the S&P MidCap 400, and electronic payment services provider CyberSource Corp. will replace Idex in the S&P SmallCap 600 after the close of trading Aug. 1.

Bisys is being acquired by Citigroup Inc. in a deal expected to close on or about that date, pending final approvals.

IT supply chain services Synnex Corp. will replace freight shipper EGL Inc. in the S&P SmallCap 600 after the close of trading Aug. 2. EGL is being acquired by an affiliate of Apollo Management LP in a deal expected to close on or about that date.

Wedding website operator The Knot Inc. will replace Aeroflex Inc. in the S&P SmallCap 600 after the close of trading on a date yet to be announced. Aeroflex is being acquired by Veritas Capital.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




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