- S&P MidCap 400 constituent L-3 Communications Holdings Inc. (NYSE:LLL) will replace WellPoint Health Networks Inc. (NYSE:WLP) in the S&P 500 after the close of trading on a date to be announced. WellPoint is being acquired by S&P 500 constituent Anthem Inc. (NYSE:ATH) in a deal still subject to final approval. S&P REIT Composite constituent Weingarten Realty Investors (NYSE:WRI) will replace L-3 Communications in the S&P MidCap 400.
- SFBC International Inc. (NASD:SFCC) will replace FLYi Inc. (NASD:FLYI) in the S&P SmallCap 600 after the close of trading on Friday, November 12. FLYi’s stock has traded below $2.00 per share for more than five consecutive days.
L-3 Communications is a merchant supplier of secure communications systems and specialized communications products. Headquartered in New York, NY, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Aerospace & Defense Sub-Industry Index.
Weingarten Realty Investors is a real estate investment trust investing primarily in shopping centers and industrial properties. Headquartered in Houston, TX, the company will be added to the S&P MidCap 400 GICS Real Estate Investment Trusts Sub-Industry Index.
SFBC International conducts clinical research and provides drug development services for clients in the pharmaceutical and biotechnological industries. Headquartered in Miami, FL, 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 500 INDEX – TBA | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | L-3 Communications | Industrials | Aerospace & Defense |
| DELETED | WellPoint Health Networks | Health Care | Managed Health Care |
| S&P MIDCAP 400 INDEX – TBA | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | Weingarten Realty Investors | Financials | Real Estate Investment Trusts |
| DELETED | L-3 Communications | Industrials | Aerospace & Defense |
| S&P SMALLCAP 600 INDEX – November 12, 2004 | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | SFBC International | Health Care | Health Care Services |
| DELETED | FLYi Inc. | Industrials | Airlines |
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.
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