NEW YORK, Feb. 20 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600 after the close of trading on Monday, February 25:
-- Old National Bancorp (NYSE:ONB) will replace A.S.V. Inc. (NASDAQ:ASVI). A.S.V. is being acquired by S&P 500 constituent Terex Corporation (NYSE:TEX) in a deal expected to close on or about that date, pending final approvals. -- PetroQuest Energy Inc. (NYSE:PQ) will replace Hooper Holmes Inc. (AMEX:HH). At today's close of trading Hooper Holmes had a market value of approximately $59 million, whereas the minimum market cap a company must maintain to be eligible for admission to the S&P SmallCap 600 is currently $300 million.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Old National Bancorp owns multiple financial services operations in Indiana, Illinois, and Kentucky. Headquartered in Evansville, IN, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.
PetroQuest is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves. Headquartered in Lafayette, LA, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Exploration & Production Sub-Industry index.
Following is a summary of the changes: S&P SMALLCAP 600 INDEX - February 25, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Old National Bancorp Financials Regional Banks PetroQuest Energy Energy Oil & Gas Exploration & Production DELETED A.S.V. Industrials Construction & Farm Machinery & Heavy Trucks Hooper Holmes Health Care Health Care Services
Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
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Source: Standard & Poor's