Standard & Poor's Announces Changes to U.S. Indices
November 10 2008 - 5:51PM
PR Newswire (US)
NEW YORK, Nov. 10 /PRNewswire-FirstCall/ -- Standard & Poor's
will make the following changes to the S&P 500, S&P MidCap
400 and S&P SmallCap 600 indices: -- Wynn Resorts Ltd.
(NASDAQ:WYNN) will replace Ashland Inc. (NYSE:ASH) in the S&P
500, Ashland will replace Lear Corp. (NYSE:LEA) in the S&P
MidCap 400, S&P MidCap 400 constituent DENTSPLY International
Inc. (NASDAQ:XRAY) will replace Hercules Inc. (NYSE:HPC) in the
S&P 500, and Bucyrus International Inc. (NASDAQ:BUCY) will
replace DENTSPLY in the S&P MidCap 400 after the close of
trading on Thursday, November 13. Ashland is acquiring Hercules in
a transaction that will result in a company with a market value
appropriate for the S&P MidCap 400, and which is expected to
close on or about that date, pending final approvals. As of today's
close of trading Lear Corp. had a market value of approximately
$129 million, ranking 400th in the S&P MidCap 400 index. --
Eagle Materials Inc. (NYSE:EXP) will replace Secure Computing Corp.
(NASDAQ:SCUR) in the S&P SmallCap 600 after the close of
trading on Friday, November 14. Secure Computing is being acquired
by S&P MidCap 400 constituent McAfee Inc. (NYSE:MFE) in a deal
expected to close on or about that date, pending final approvals.
Standard & Poor's will monitor these transactions, and post any
relevant updates on its website: http://www.standardandpoors.com/.
Wynn Resorts designs, develops, finances and constructs gaming
projects in Las Vegas and Macau. Headquartered in Las Vegas, NV,
the company will be added to the S&P 500 GICS (Global Industry
Classification Standard) Casinos & Gaming Sub-Industry index.
DENTSPLY produces a broad range of products for the dental market.
Headquartered in York, PA, the company will be added to the S&P
500 GICS Health Care Supplies Sub-Industry index. Ashland is a
diversified chemicals company. Headquartered in Covington, KY, the
company will be added to the S&P MidCap 400 GICS Diversified
Chemicals Sub-Industry index. Bucyrus International manufactures
large-scale surface and underground mining equipment used for
mining coal, iron ore, copper, oil sands and other minerals.
Headquartered in South Milwaukee, WI, the company will be added to
the S&P MidCap 400 GICS Construction & Farm Machinery &
Heavy Trucks Sub- Industry index. Eagle Materials manufactures
gypsum wallboard and cement. Headquartered in Dallas, TX, the
company will be added to the S&P SmallCap 600 GICS Construction
Materials Sub-Industry index. Following is a summary of the
changes: S&P 500 INDEX - November 13, 2008 COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Wynn Resorts Consumer
Discretionary Casinos & Gaming DENTSPLY Health Care Health Care
Supplies DELETED Ashland Materials Diversified Chemicals Hercules
Materials Diversified Chemicals S&P MIDCAP 400 INDEX - November
13, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED
Ashland Materials Diversified Chemicals Bucyrus Industrials
Construction & Farm International Machinery & Heavy Trucks
DELETED Lear Consumer Discretionary Auto Parts & Equipment
DENTSPLY Health Care Health Care Supplies S&P SMALLCAP 600
INDEX - November 14, 2008 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Eagle Materials Materials Construction Materials
DELETED Secure Computing Information Technology Systems Software
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 Index Services
Standard & Poor's Index Services, the world's leading index
provider, maintains a wide variety of investable and benchmark
indices to meet an array of investor needs. Its family of indices
includes the S&P 500, an index with $1.5 trillion invested and
$4.85 trillion benchmarked, and the S&P Global 1200, a
composite index comprised of seven regional and country headline
indices. For more information, please visit
http://www.standardandpoors.com/indices. 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
8,500 employees, including wholly owned affiliates, located in 23
countries and markets, 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/. 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.standardandpoors.com/indices
Copyright
Hercules (NYSE:HPC)
Historical Stock Chart
From Sep 2024 to Oct 2024
Hercules (NYSE:HPC)
Historical Stock Chart
From Oct 2023 to Oct 2024