Tuesday, August 25, 2009

Manitowoc Co. Will Be Removed From S&P 500 Index

On August 31st Manitowoc Co., (MTW) will be removed from the S&P 500 Index. According to Standard & Poor's Manitowoc had a market capitalization below $900 million, ranking it 500th in the index.

Replacing MTW will be Carefusion Corp. (CFNwi). CFN is a medical-technology company that is currently a wholly owned subsidiary of Cardinal Health (CAH). The company expects to become a separate publicly traded company on Sept. 1, 2009 from the planned spinoff of Cardinal Health's clinical and medical products businesses. CFN helps its customers improve patient care by focusing on two issues affecting health care: medication errors and hospital-acquired infections.

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