- Corus Bankshares Inc. (NASD:CORS) will replace Digitas Inc. (NASD:DTAS) in the S&P SmallCap 600 index after the close of trading on Wednesday, January 24. Digitas is being acquired by S&P Global 1200 constituent Publicis Groupe SA in a deal expected to close on or about that date, pending final approvals.
- S&P REIT Composite constituent Medical Properties Trust Inc. (NYSE:MPW) will replace Open Solutions Inc. (NASD:OPEN) in the S&P SmallCap 600 index after the close of trading on a date to be announced. Open Solutions is being acquired by The Carlyle Group and Providence Equity Partners in a deal that is still pending final approvals.
Standard & Poor’s will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Corus offers consumer and corporate banking products and services in the United States. Headquartered in Chicago, IL, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Thrifts & Mortgage Finance Sub-Industry index.
Medical Properties is a REIT that acquires, develops, and makes investments in health care facilities. Headquartered in Birmingham, AL, the company will be added to the S&P SmallCap 600 GICS Specialized REITs Sub-Industry index.
Following is a summary of the changes:
| S&P SMALLCAP 600 INDEX – January 24, 2007 | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | Corus Bankshares | Financials | Thrifts & Mortgage Finance |
| DELETED | Digitas | Information Technology | Internet Software & Services |
| S&P SMALLCAP 600 INDEX – To Be Announced | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | Medical Properties Trust | Financials | Specialized REITs |
| DELETED | Open Solutions | Information Technology | Application Software |
