NEW YORK, May 3 /PRNewswire-FirstCall/ -- Digital River Inc. (Nasdaq: DRIV) will replace OSI Restaurant Partners, Inc. (NYSE: OSI) in the S&P MidCap 400 after the close of trading on a date to be announced. OSI Restaurant Partners is being acquired by an investor group comprised of Bain Capital Partners LLC, Catterton Partners, and OSI Restaurant founders in a deal that is still pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Digital River provides outsourced e-commerce solutions to software and high-tech products markets and retailers. Headquartered in Eden Prairie, MN, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Internet Software & Services Sub-Industry index.
Following is a summary of the change:
S&P MIDCAP 400 INDEX -- To Be Announced
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR
ADDED Digital River Information Internet Software
Technology & Services
DELETED OSI Restaurant Consumer Restaurants
Partners Discretionary
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
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