Conseco to be added to S&P 500 Index.NEW YORK--(BUSINESS WIRE)--Jan. 13, 1997--The Equity Services Group of Standard & Poor's will replace Alexander & Alexander Services Inc. (AAL (ATM Adaption Layer) The part of the ATM protocol that breaks up application packets into 48-byte payloads which become ATM cells when the 5-byte headers are attached. The AAL resides between the higher layer transport protocols and the ATM layer. ) in the S&P 500 Index with Conseco Inc. (CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ) after the close of trading tomorrow, Jan. 14, 1997. S&P 500 component Aon Corp. (AOC AOC, n an acronym for the Aromatherapy Organizations Council. ) is acquiring Alexander & Alexander through a friendly cash tender offer scheduled to expire on that date. Conseco is a holding company engaged in the acquisition, ownership, and operation of annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. , life, and health insurance companies. The Carmel, Indiana-based company, which also offers asset management and related services, will be added to the S&P 500 Insurance (Life/Health) industry group in the Financial 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 mid·cap adj. 1. Or or relating to corporations whose retained earnings and outstanding shares of common stock have a value between those of small cap companies and large cap corporations. 2. 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. More than $400 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, 212/208-8709 V.P. Index Services or Albert Neubert, 212/208-8716 Director, Domestic Indexes |
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