Standard & Poor's Announces Changes to U.S. Index
February 20 2008 - 5:48PM
PR Newswire (US)
NEW YORK, Feb. 20 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P SmallCap 600 after the close
of trading on Monday, February 25: -- Old National Bancorp
(NYSE:ONB) will replace A.S.V. Inc. (NASDAQ:ASVI). A.S.V. is being
acquired by S&P 500 constituent Terex Corporation (NYSE:TEX) in
a deal expected to close on or about that date, pending final
approvals. -- PetroQuest Energy Inc. (NYSE:PQ) will replace Hooper
Holmes Inc. (AMEX:HH). At today's close of trading Hooper Holmes
had a market value of approximately $59 million, whereas the
minimum market cap a company must maintain to be eligible for
admission to the S&P SmallCap 600 is currently $300 million.
Standard & Poor's will monitor these transactions, and post any
relevant updates on its website: http://www.standardandpoors.com/.
Old National Bancorp owns multiple financial services operations in
Indiana, Illinois, and Kentucky. Headquartered in Evansville, IN,
the company will be added to the S&P SmallCap 600 GICS (Global
Industry Classification Standard) Regional Banks Sub-Industry
index. PetroQuest is an independent energy company engaged in the
exploration, development, acquisition and production of oil and
natural gas reserves. Headquartered in Lafayette, LA, the company
will be added to the S&P SmallCap 600 GICS Oil & Gas
Exploration & Production Sub-Industry index. Following is a
summary of the changes: S&P SMALLCAP 600 INDEX - February 25,
2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Old
National Bancorp Financials Regional Banks PetroQuest Energy Energy
Oil & Gas Exploration & Production DELETED A.S.V.
Industrials Construction & Farm Machinery & Heavy Trucks
Hooper Holmes Health Care Health Care Services 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 2007 were $6.8 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 212
438-3907 Web site: http://www.standardandpoors.com/
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