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THE DAILY DEAL REVAMPS ITS INDEXES THAT MONITOR THE STOCK PERFORMANCE OF AMERICAS MOST ACQUISITIVE COMPANIES
June 25, 2002--New York, N.Y.--The Daily Deal (www.thedeal.com) today unveiled an expanded list of companies included in its Medium & small and Large cap Indexes that appear in every issue of The Daily Deal and on the M&A Channel of TheDeal.com. The number of highly acquisitive, publicly traded corporations that make up the indexes was increased from 80 to 100.
The indexes, introduced in March 2001, are unique editorial tools that allow The Daily Deal's readers to chart the value of the deal in today's economy by closely monitoring the performance of deal-intensive companies on a daily basis and over time. The feature is part of the paper's broader focus on the corporate dealmaker, identified first by The Daily Deal as a collective driving force behind business today.
The Daily Deal's editors also re-evaluated the companies included in both indexes and removed several. Despite the slowdown in the economy and technology stocks, The Daily Deal's Medium and small cap index has consistently outperformed the Dow Jones Industrial Average and significantly ahead of the Nasdaq composite index. The Daily Deal's Large cap index has underperformed the Dow, although it remains ahead of Nasdaq.
The Daily Deal's two indexes each consists of 50 of the most aggressive dealmaking companies in America, based on the total number of acquisitions over an 18-month period. By averaging the 4 p.m. closing share prices for the 50 companies in each category, every day, The Daily Deal provides a tangible measure of the market's current view of deal-intensive companies. The companies listed on each index are re-evaluated quarterly, and will continue to include both industry giants to niche firms that clearly see dealmaking as a key element of corporate strategy.
A full list of the companies included in both indexes follows. The indexes can be viewed at www.thedeal.com by clicking on the M&A Channel.
About The Deal LLC The Deal, LLC is the leading media company charting the deal economy for dealmakers worldwide. The company provides original news reporting, financial data and commentary on a full spectrum of global transactions and the personalities and politics of dealmakers behind the deals. Through The Daily Deal and TheDeal.com, as well as e-newsletters, newsletters and special reports, The Deal, LLC addresses the information needs of the deal community composed of corporate executives, entrepreneurs, institutional investors, financial intermediaries and advisers. Investors in The Deal, LLC, a privately held company, include majority owner U.S. Equity Partners, a private investment fund sponsored by Wasserstein & Co., LP, and Rustic Canyon Ventures, one of the largest venture capital funds in Southern California.
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