Standard & Poor's Announces Changes to U.S. Indices
March 22 2007 - 6:06PM
PR Newswire (US)
NEW YORK, March 22 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 100, S&P 500, S&P
MidCap 400, and S&P SmallCap 600 indices after the close of
trading on Friday, March 30: -- Kraft Foods Inc. (NYSE:KFTwi) will
replace Eastman Kodak Co. (NYSE: NYSE:EK) in the S&P 100 and
Sabre Holdings Corp. (NYSE:TSG) in the S&P 500. S&P 500 and
S&P 100 constituent Altria Group Inc. (NYSE:MO) is spinning off
its ownership in Kraft Foods in a transaction expected to close on
or about that date. Sabre Holdings Corp is being acquired by
affiliates of Silver Lake Partners and Texas Pacific Group in a
deal expected to close on or about that date, pending final
approvals. After today's close of trading, Eastman Kodak had a
market capitalization of approximately $6.8 billion, ranking 100th
in the S&P 100. -- Broadridge Financial Solutions Inc.
(NYSE:BR.Twi) will replace Plexus Corp. (NASD: PLXS) in the S&P
MidCap 400 and Plexus Corp. will replace Wellman Inc. (NYSE:WLM) in
the S&P SmallCap 600. Broadridge is being spun off by S&P
500 constituent Automatic Data Processing Inc. (NYSE: NYSE:ADP) in
a transaction expected to close on or about that date. At today's
close of trading Wellman had a market capitalization of
approximately $119 million, whereas the minimum market
capitalization required for addition to the S&P SmallCap 600
currently stands at $300 million. -- KBR Inc. (NYSE:KBRwi) will
replace Newport Corp. (NASD: NEWP) in the S&P MidCap 400 and
Newport Corp. will replace Lenox Group Inc. (NYSE: NYSE:LNX) in the
S&P SmallCap 600. S&P 500 and S&P 100 constituent
Halliburton Co. (NYSE:HAL) is spinning off its ownership in KBR
Inc. in a transaction expected to close on or about that date. At
today's close of trading Lenox Group had a market capitalization of
approximately $82 million, whereas the minimum market
capitalization required for addition to the S&P SmallCap 600
currently stands at $300 million. Standard & Poor's will
monitor these transactions, and post any relevant updates on its
website: http://www.standardandpoors.com/. Kraft Foods engages in
the manufacture and sale of packaged foods and beverages.
Headquartered in Northfield, IL, the company will be added to the
S&P 500 GICS (Global Industry Classification Standard) Packaged
Foods & Meats Sub-Industry index. Broadridge Financial
Solutions will engage in brokerage services, securities clearing,
and outsourcing services. Headquartered in Jersey City, NJ, the
company will be added to the S&P MidCap 400 Data Processing
& Outsourced Services Sub-Industry index. Plexus operates in
the electronics manufacturing services industry. Headquartered in
Neenah, WI, the company will be added to the S&P SmallCap 600
GICS Electronic Manufacturing Services Sub-Industry index. KBR Inc.
operates as an engineering, construction, and services company
supporting the energy, petrochemicals, government services, and
civil infrastructure sectors. Headquartered in Houston, TX, the
company will be added to the S&P MidCap 400 GICS Construction
& Engineering Sub-Industry index. Newport supplies advanced
technology products and systems to a range of industries, including
scientific research, microelectronics manufacturing, aerospace and
defense. Headquartered in Irvine, CA, the company will be added to
the S&P SmallCap 600 GICS Electronic Equipment Manufacturers
Sub-Industry index. Following is a summary of the changes: S&P
100 INDEX - March 30, 2007 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Kraft Foods Consumer Staples Packaged Foods
& Meats DELETED Eastman Kodak Consumer Discretionary
Photographic Products S&P 500 INDEX - March 30, 2007 COMPANY
GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Kraft Foods Consumer
Staples Packaged Foods & Meats DELETED Sabre Holdings
Information Technology Data Processing & Outsourced Services
S&P MIDCAP 400 INDEX - March 30, 2007 COMPANY GICS ECONOMIC
SECTOR GICS SUB-INDUSTRY ADDED Broadridge Information Data
Processing & Financial Technology Outsourced Services Solutions
KBR Inc. Industrials Construction & Engineering DELETED Plexus
Information Technology Electronic Manufacturing Services Newport
Information Technology Electronic Equipment Manufacturers S&P
SMALLCAP 600 INDEX - March 30, 2007 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED Plexus Information Technology Electronic
Manufacturing Services Newport Information Technology Electronic
Equipment Manufacturers DELETED Wellman Materials Commodity
Chemicals Lenox Group Consumer Discretionary Housewares &
Specialties 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
2006 were $6.3 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, +1-212-438-3907 Web site:
http://www.standardandpoors.com/ http://www.mcgraw-hill.com/
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