Standard & Poor's Announces Changes to U.S. Indices
August 25 2005 - 9:59AM
PR Newswire (US)
NEW YORK, Aug. 25 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P MidCap 400 and S&P
SmallCap 600 indices: * Mercury General Corp. (NYSE:MCY) will
replace Hibernia Corp. (NYSE:HIB) in the S&P MidCap 400 after
the close of trading on Wednesday, August 31. Hibernia is being
acquired by S&P 500 constituent Capital One Financial Corp.
(NYSE:COF) in a deal expected to close on or about that date. *
Comtech Telecommunications Corp. (NASD: CMTL) will replace BEI
Technologies Inc. (NASD: BEIQ) in the S&P SmallCap 600 after
the close of trading on Tuesday, August 30. BEI is being acquired
by S&P Global 1200 constituent Schneider Electric SA in a deal
expected to close on or about that date, pending final approvals. *
Hansen Natural Corp. (NASD: HANS) will replace Argosy Gaming Co.
(NYSE:AGY) in the S&P SmallCap 600 after the close of trading
on a date to be announced. Argosy is being acquired by Penn
National Gaming Inc. (NASD: PENN) in a deal pending final
approvals. Standard & Poor's will monitor these transactions,
and post any relevant updates on its website:
http://www.standardandpoors.com/. Mercury General primarily
underwrites all risk classifications of automobile insurance in a
number of states, principally California. Headquartered in Los
Angeles, CA, the company will be added to the S&P MidCap 400
GICS (Global Industry Classification Standard) Property &
Casualty Insurance Sub-Industry Index. Comtech Telecommunications
produces systems and services for advanced communications.
Headquartered in Melville, NY, the company will be added to the
S&P SmallCap 600 GICS Communications Equipment Sub-Industry
Index. Hansen Natural produces natural sodas and other beverages,
nutrition bars and cereals. Headquartered in Corona, CA, the
company will be added to the S&P SmallCap 600 GICS Soft Drinks
Sub-Industry Index. Following is a summary of the changes: S&P
MIDCAP 400 INDEX - August 31, 2005 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED Mercury General Financials Property &
Casualty Insurance DELETED Hibernia Financials Regional Banks
S&P SMALLCAP 600 INDEX - August 30, 2005 COMPANY GICS ECONOMIC
SECTOR GICS SUB-INDUSTRY ADDED Comtech Information Technology
Communications Equipment Telecommunications DELETED BEI
Technologies Information Technology Electronic Equipment
Manufacturers S&P SMALLCAP 600 INDEX - TBA COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Hansen Natural Consumer
Staples Soft Drinks DELETED Argosy Gaming Consumer Discretionary
Casinos & Gaming 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 independent credit
ratings, indices, risk evaluation, investment research, data and
valuations. With 6,500 employees located in 22 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/. 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, BusinessWeek and McGraw-Hill Education. The Corporation has
more than 300 offices in 40 countries. Sales in 2004 were $5.3
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 212 438-3907 Web site:
http://www.standardandpoors.com/ http://www.mcgraw-hill.com/
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