CMX Caremark RX

NEW YORK, March 16 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 100, S&P 500, and S&P MidCap 400 indices after the close of trading on Tuesday, March 20: CVS/Caremark Corp. (NYSE:CVS), the newly created combination of S&P 500 constituents CVS Corp. and Caremark Rx Inc. (NYSE:CMX), will replace Black & Decker Corp. (NYSE:BDK) in the S&P 100, S&P MidCap 400 and S&P REIT Composite constituent Developers Diversified Realty Corp. (NYSE:DDR) will replace Caremark Rx Inc. in the S&P 500, and Wellcare Health Plans Inc. (NYSE:WCG) will replace Developers Diversified Realty Corp. in the S&P MidCap 400. Caremark is being acquired by CVS Corp. in a deal that is still being finalized. At today's close of trading, Black & Decker had a market capitalization of approximately $5.6 billion, ranking 100th in the S&P 100. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. CVS/Caremark operates retail drugstores and provides drug benefit services. The company is headquartered in Woonsocket, RI. Developers Diversified Realty is a REIT focused on shopping centers, mini-malls and lifestyle centers. Headquartered in Beachwood, OH the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Retail REITs Sub-Industry index. Wellcare Health Plans provides managed care services to government-sponsored healthcare programs. Headquartered in Tampa, FL, the company will be added to the S&P MidCap 400 GICS Managed Health Care Sub-Industry index. Following is a summary of the changes: S&P 100 INDEX - March 20, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED CVS/Caremark Consumer Staples Drug Retail DELETED Black & Decker Consumer Discretionary Household Appliances S&P 500 INDEX - March 20, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Developers Financials Retail REITs Diversified Realty DELETED Caremark Rx Health Care Health Care Services S&P MIDCAP 400 INDEX - March 20, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Wellcare Health Plans Health Care Managed Health Care DELETED Developers Financials Retail REITs Diversified Realty 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. About Standard & Poor's Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly-owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure, and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com/. About The McGraw-Hill Companies: Founded in 1888, The McGraw-Hill Companies (NYSE:MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at http://www.mcgraw-hill.com/. DATASOURCE: Standard & Poor's CONTACT: David M. Blitzer, Ph.D. Managing Director & Chairman of the Index Committee +1-212-438-3907 Web site: http://www.standardandpoors.com/

Copyright