KCBD, NewsChannel 11 Lubbock |Standard & Poor's Announces Changes to U.S. Index

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

NEW YORK, Nov. 11 /PRNewswire/ -- S&P will make the following changes to the S&P SmallCap 600 Index:

  • Cantel Medical Corp. (NYSE: CMN) will replace NATCO Group Inc. (NYSE: NTG) after the close of trading on a date to be announced. NATCO is being acquired by S&P 500 constituent Cameron International Corp. (NYSE: CAM) in a deal expected to be completed soon pending final approvals.

  • Calavo Growers Inc. (Nasdaq: CVGW) will replace Sterling Financial Corp. (Nasdaq: STSA) after the close of trading on Wednesday, November 18. Sterling Financial has a market capitalization below $35 million, ranking it 600th in the index.

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

Cantel Medical is a provider of infection prevention and control products. Headquartered in Little Falls, NJ, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.

Calavo Growers procures and markets avocados and other perishable commodities and prepares and distributes processed avocado products. Headquartered in Santa Paula, CA, the company will be added to the S&P SmallCap 600 GICS Packaged Foods & Meats Sub-Industry index.

Following is a summary of the changes:

                         S&P  SMALLCAP 600 INDEX  -  TBA
                         -------------------------------
               COMPANY       GICS ECONOMIC SECTOR     GICS SUB-INDUSTRY
               -------       --------------------     -----------------
     ADDED  Cantel Medical   Health Care Equipment       Health Care

    DELETED  NATCO Group            Energy           Oil & Gas Equipment &
                                                           Services


                   S&P  SMALLCAP 600 INDEX  -  November 18, 2009
                   ---------------------------------------------
               COMPANY       GICS ECONOMIC SECTOR     GICS SUB-INDUSTRY
               -------       --------------------     -----------------
     ADDED     Calavo          Consumer Staples     Packaged Foods & Meats
               Growers

    DELETED    Sterling           Financials            Regional Banks
              Financial


For more information about S&P Indices, please visit www.standardandpoors.com/indices.

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 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 Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index. 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 nearly 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

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