Hewitt & Neogen Win On Index Changes (HEW, NEOG, DSCP)

Posted in General 
January 29th, 2009

Standard & Poors is making some index changes in the S&P MidCap 400 and the S&P SmallCap 600 that will take effect next week. We have more details, but the index additions are as follows:

  • ADD Hewitt Associates Inc. (NYSE: HEW) in S&P MidCap 400
  • ADD Neogen Corp. (NASDAQ: NEOG) in S&P SmallCap 600


Hewitt Associates Inc. (NYSE: HEW) will replace Puget Energy Inc. (NYSE: PSD) in the S&P MidCap 400 next week after the close of trading on Friday, February 6, 2009; Puget is being acquired by Macquarie in a transaction expected to be completed on or about that date.

Neogen Corp. (NASDAQ: NEOG) will be added to the S&P SmallCap 600 after the close of trading on Monday, February 2, 2009. It replaces member Datascope Corp. (NASDAQ: DSCP), which will be removed from the index after the close of trading on Friday, January 30, 2009. Getinge AB is acquiring Datascope on that date.

Hewitt traded up 6% after the close on the news to $28.50.

Neogen traded up 2.2% to $24.14 after the close on the news.

Jon C. Ogg
January 29, 2009

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