Standard & Poor's Announces Changes to U.S. Indices

NEW YORK, Nov. 4, 2010 /PRNewswire/ -- S&P will make the following changes to the S&P MidCap 400 and SmallCap 600 Indices:

• Bottomline Technologies (de) Inc. (NASD:EPAY) will replace Osteotech Inc.  (NASD:OSTE) in the S&P SmallCap 600 after the close of trading on Tuesday, November 9. Osteotech is being acquired by S&P 100 & 500 constituent Medtronic Inc. (NYSE:MDT) in a deal expected to be completed soon, pending final approvals.
• S&P SmallCap 600 constituent Deckers Outdoor Corp. (NASD:DECK) will replace Psychiatric Solutions Inc. (NASD:PSYS) in the S&P MidCap 400, and LogMeIn Inc. (NASD:LOGM) will replace Deckers Outdoor in the S&P SmallCap 600 after the close of trading on Wednesday, November 10. S&P MidCap 400 constituent Universal Health Services, Inc. (NYSE:UHS) is acquiring Psychiatric Solutions in a deal expected to be completed on or about that date pending final approvals.
• S&P SmallCap 600 constituent Polaris Industries Inc. (NYSE:PII) will replace Mariner Energy Inc. (NYSE:ME) in the S&P MidCap 400, and KapStone Paper and Packaging Corp. (NYSE:KS) will replace Polaris Industries in the S&P SmallCap 600 after the close of trading on Wednesday, November 10. S&P 500 constituent Apache Corp. (NYSE:APA) is acquiring Mariner Energy in a deal expected to be completed on or about that date pending final approvals.

Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.  

Bottomline Technologies markets and provides electronic payment, invoice, and document automation solutions. Headquartered in Portsmouth, NH, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Application Software Sub-Industry index.

Deckers Outdoor engages in the design, production, marketing, and brand management of footwear and accessories. Headquartered in Goleta, CA, the company will be added to the S&P MidCap 400 GICS Footwear Sub-Industry index.  

LogMeIn provides on-demand, remote-connectivity solutions. Headquartered in Woburn, MA, the company will be added to the S&P SmallCap 600 GICS Internet Software & Services Sub-Industry index.

Polaris Industries designs, engineers, and manufactures off-road vehicles. Headquartered in Medina, MN, the company will be added to the S&P MidCap 400 GICS Leisure Products Sub-Industry index.

KapStone Paper and Packaging engages in the production and sale of unbleached kraft, linerboard, saturating kraft, and unbleached folding carton boards. Headquartered in Northbrook, IL, the company will be added to the S&P SmallCap 600 GICS Paper Products Sub-Industry index.

Following is a summary of the changes:

About S&P Indices

S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.

About Standard & Poor's

Standard & Poor's, a subsidiary 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 offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for 150 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.

SOURCE Standard & Poor's