NEW YORK, Oct. 10 /PRNewswire/ -- Molina Healthcare Inc. (NYSE: MOH) will replace Keystone Automotive Industries Inc. (Nasdaq: KEYS) in the S&P SmallCap 600 after the close of trading on Friday, October 12. Keystone is being acquired by S&P SmallCap 600 constituent LKQ Corp. (Nasdaq: LKQX) in a deal that is expected to close on or about that date, pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com.
Molina Healthcare operates as a multi-state managed care organization that arranges for the delivery of health care services. Headquartered in Long Beach, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Managed Health Care Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX - October 12, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Molina Healthcare Health Care Managed Health Care
DELETED Keystone Automotive Consumer Discretionary Distributors
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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