Adobe Systems added to S&P 500; Hillenbrand Industries added to S&P Midcap 400.NEW YORK--(BUSINESS WIRE)--April 30, 1997--The Equity Services Group of Standard & Poor's will replace Santa Fe Santa Fe, city, Argentina Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal. Pacific Gold Corp. (GLD GLD Gold GLD Gelderland (Dutch province) GLD Gladstone (Queensland, Australia) GLD Government Logistics Department (Hong Kong) GLD Glider GLD Generalized Lambda Distribution ) in the S&P 500 Index with Adobe Systems Inc. (ADBE ADBE Adobe Systems, Inc. (stock symbol) ), a component of the S&P MidCap 400 Index, after the close of trading on Monday, May 5, 1997. Santa Fe Pacific Gold Corp. is being acquired by Newmont Mining Corp. (NEM), a component of the S&P 500 Index, in a stock merger. Shareholders of Santa Fe Pacific Gold and Newmont Mining are scheduled to vote on the merger on that date. Hillenbrand Industries, Inc. (HB) will replace Santa Fe Pacific Gold in the S&P MidCap 400 Index. Adobe Systems, headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , develops and markets computer software used to create, display, print, and communicate electronic documents. The company will be added to the S&P 500 Computers (Software & Services) industry group in the Technology economic sector. Hillenbrand Industries manufactures hospital equipment, burial caskets, and high-security locks. The company, which is headquartered in Batesville, Indiana, will be added to the S&P MidCap 400 Manufacturing (Diversified) industry group in the Capital Goods Capital Goods Any goods used by an organization to produce other goods. Notes: Examples of capital goods include office buildings, equipment, and machinery. See also: Capital Expenditure, Disinvestment Capital goods economic sector. The Equity Services Group of Standard & Poor's, a division of the Financial Information Services See Information Systems. Group of The McGraw-Hill Companies, provides financial, economic, and investment information, as well as analytical services, to the global financial community and commodity trading markets. The S&P Equity Services Group calculates and maintains the S&P 500, S&P MidCap 400, S&P SmallCap 600, and the S&P Super Composite 1500 stock price indexes, which are widely considered key barometers of stock market activity and performance benchmarks for professional money managers. Approximately $475 billion is currently indexed to the S&P 500. Company additions to and deletions from the S&P equity indexes do not in any way reflect an opinion on the investment merits of the company. CONTACT: Elliott Shurgin V.P., Index Services, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212/208-8709 or Albert Neubert Director, Domestic Indexes, New York 212/208-8716 |
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