Standard & Poor's Announces Change to U.S. Index
January 23 2007 - 5:40PM
PR Newswire (US)
NEW YORK, Jan. 23 /PRNewswire/ -- Encore Acquisition Co. (NYSE:EAC)
will replace McDATA Corp. (NASD: MCDTA) in the S&P MidCap 400
index after the close of trading on a date to be announced. McDATA
is being acquired by Brocade Communications Systems Inc. (NASD:
BRCD) in a deal that is still pending final approvals. Standard
& Poor's will monitor this transaction, and post any relevant
updates on its website: http://www.standardandpoors.com/. Encore
engages in the acquisition, development, exploration, and
production of onshore oil and natural gas reserves. Headquartered
in Fort Worth, TX, the company will be added to the S&P MidCap
400 GICS (Global Industry Classification Standard) Oil & Gas
Exploration & Production Sub-Industry index. Following is a
summary of the change: S&P MIDCAP 400 INDEX - To Be Announced
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Encore
Acquisition Energy Oil & Gas Exploration & Production
DELETED McDATA Information Technology Computer Storage &
Peripherals 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 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 240 offices in 36 countries. Sales in
2005 were $6.0 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/ http://www.mcgraw-hill.com/
Copyright