Bindley Western Industries Added to S&P SmallCap 600 Index.NEW YORK--(BUSINESS WIRE)--July 2, 1998--Standard & Poor's Financial Information Services See Information Systems. will replace Fluke Corp. (FLK FLK Funny-looking kid Pediatrics A popular descriptor for nonspecific facial dysmorphias that are typically accompanied by growth and/or mental retardation ) in the S&P SmallCap 600 Index with Bindley Western Industries (BDY BDY Body BDY Boundary ) after the close of trading on Thursday, July 9, 1998. Fluke is being acquired by S&P MidCap 400 component Danaher Corp. (DHR DHR De Heer (Dutch: Mister) DHR Department of Human Resources DHR Department of Historic Resources (Virginia) DHR Dihydrorhodamine DHR Device History Record DHR Director of Human Resources ) for stock. Fluke shareholders are scheduled to vote on the transaction on July 7, and the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. expects to delist Fluke prior to the open of trading on Friday, July 10, 1998. Bindley Western Industries, headquartered in Indianapolis, is one of the largest wholesale distributors of pharmaceuticals and healthcare related products in the U.S. The company will be added to the S&P SmallCap 600 Distributors (Food & Health) industry group. Following is a summary of the announced change: S&P SMALLCAP 600 INDEX--JULY 9, 1998 COMPANY ECONOMIC INDUSTRY GROUP SECTOR ADDED Bindley Western Consumer Staples Consumer Staples The industries that manufacture and sell food/beverages, tobacco, prescription drugs, and household products. Notes: Proctor and Gamble would be considered a consumer staple company because many of its products are household and food related. Distributors(Food & Industries Health) DROPPED Fluke Corp. TechnologyElectronics (Instrumentation) Standard & Poor's Financial Information Services, a division 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. Standard & Poor's calculates and maintains the S&P 500, S&P MidCap 400, S&P SmallCap 600, S&P Super Composite 1500 and S&P REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). Composite stock price Indexes, which are widely considered key barometers of stock market activity and performance benchmarks for professional money managers. Approximately $653 billion is currently indexed to the S&P Equity Indexes, including $626 billion indexed to the S&P 500, $20 billion indexed to the S&P MidCap 400, and $7 billion linked to the S&P SmallCap 600. 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: David Blitzer
212/208-8434
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Elliott Shurgin
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