CUC International added to S&P 500 Index; Two companies added to S&P MidCap 400 Index.NEW YORK--(BUSINESS WIRE)--April 21, 1995--Standard & Poor's will replace E-Systems,Inc. (ESY ESY Extended School Year ) in the S&P 500 Index with CUC International CUC (Comp-U-Card) International Inc., a huge membership-based consumer services conglomerate with travel, shopping, auto, dining, home improvement and financial services offered to more than 60 million customers worldwide based out of Stamford, Connecticut and headed by Kirk Inc. (CU) after the close of trading on Friday, April 28, 1995. Raytheon Company (RTN RTN Return RTN Raytheon Company (stock symbol) RTN Research Training Network RTN Rotarian RTN Routing Transit Number RTN Recursive Transition Network RTN Register Transfer Notation RTN Radial Tangential Normal ), also a component of the S&P 500 Index, is acquiring E-Systems in a friendly cash tender offer scheduled to expire on that date. CUC International, headquartered in Stamford, Conn., is one of the nation's largest membership-based consumer services Consumer Services refers to the formulation, deformulation, technical consulting and testing of most consumer products, such as food, herbs, beverages, vitamins, pharmaceuticals, cosmetics, hair products, household cleaners, [paints, plastics, metals, waxes, coatings, minerals, companies and is currently a member of the S&P Midcap 400 Index. CUC CUC Cuban Convertible Peso (ISO currency code) CUC Columbia Union College (Takoma Park, MD, USA) CUC Canadian Unitarian Council CUC Canadian Ultimate Championships , which will be added to the S&P 500 Specialized Services industry group, will be replaced in the S&P MidCap 400 Index by Manpower Inc. (MAN). Headquartered in Milwaukee, Manpower is the world's largest nongovernmental temporary employment services organization. Manpower will be added to the S&P MidCap 400 Commercial Services (Specialized) industry group. Also on April 28, National Health Laboratories Holdings Inc. (NH) is expected to merge with Roche Biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. Laboratories Inc., a subsidiary of Swiss-based Hoffmann-LaRoche Inc., to form a new company. That successor company, Laboratory Corporation of America (LH), will replace National Health Laboratories in the S&P MidCap 400 Index. It will be added to the S&P MidCap 400 Health Care Services industry group. The Equity Services Group of Standard & Poor's, a division of the Financial Information Services See Information Systems. Group of McGraw-Hill Inc., 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, and S&P SmallCap 600 stock price indexes, which are widely considered key barometers of stock market activity and performance benchmarks for professional money managers. More than $260 billion is currently indexed to the S&P 500. Company additions and company deletions from the S&P equity indexes do not in any way reflect an opinion on the investment merits of the company. CONTACT: Standard & Poor's Elliott Shurgin, 212/208-8709 Albert Neubert, 212/208-8716 |
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