Standard & Poor’s will make the following changes in the S&P Europe 350, S&P Euro Plus and S&P United Kingdom indices effective after the close of trading on Friday 30 March 2007:
- Nobel Biocare Holding AG (Switzerland, SEDOL: 7385722, GICS: Health Care, GICS Code: 35101010) will replace Corus Group Plc (United Kingdom, SEDOL: B127GF2, GICS: Materials, GICS Code: 15104050) in the S&P Europe 350 index, and will be added to the S&P Euro Plus index, following the acquisition of Corus Group Plc by Tata Steel.
The acquisition remains subject to the sanction of the UK courts at hearings to be held on 27 & 30 March. The last day of trading in Corus Group Plc shares will be 29 March, and the stock will be held in the index at the closing price of this day on the 30 March.
Nobel Biocare Holding is a provider of cosmetic and esthetic dental solutions. The number of shares outstanding will be 26,339,000 and the Investable Weight Factor will be 1. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Health Care Equipment sub-industry.
Following is a summary of the announced addition and deletion:
S&P Europe 350, S&P Euro Plus and S&P United Kingdom – close of trading Friday 30 March 2007 |
|||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|||
ADDED |
Nobel Biocare Holding AG |
Health Care |
Health Care Equipment |
||
DELETED |
Corus Group Plc |
Materials |
Steel |
About Standard & Poor’s
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 and data. With approximately 6,300 employees located in 20 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.