Standard & Poor's Announces Changes to U.S. Indices
September 24 2007 - 6:37PM
PR Newswire (US)
NEW YORK, Sept. 24 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 500, S&P MidCap 400, and
S&P SmallCap 600 indices: -- InterContinental Exchange Inc.
(NYSE:ICE) will be added to the S&P 500 after the close of
trading on Tuesday, September 25. It will take the place of First
Data Corp. (NYSE:FDC), which was removed from the S&P 500 after
today's close of trading pursuant to its completed acquisition by
Kohlberg Kravis Roberts & Co. -- Tesoro Corp. (NYSE:TSO) will
replace Maxim Integrated Products Inc. (NASDAQ:MXIM) in the S&P
500 after the close of trading on Wednesday, September 26. Maxim is
scheduled to be delisted by the NASDAQ exchange after the close of
trading on or about that date. -- Teradata Corp. (NYSE:TDCwi) will
replace NCR Corp. (NYSE:NCR) in the S&P 500 and NCR Corp.
(NYSE:NCRwi) will replace Beazer Homes USA Inc. (NYSE:BZH) in the
S&P MidCap 400 after the close of trading on Friday, September
28. Teradata is being spun off by NCR Corp. in a transaction
expected to close on or about that date. At today's close of
trading, Beazer had a market capitalization of approximately $354
million, ranking 400th in the index. -- Expedia Inc. (NASDAQ:EXPE)
will replace Solectron Corp. (NYSE:SLR) in the S&P 500 after
the close of trading on Monday, October 1. Solectron is being
acquired by Flextronics International Ltd. (NASDAQ:FLEX) in a deal
expected to close on or about that date, pending final approvals.
-- optionsXpress Holdings Inc. (NASDAQ:OXPS) will replace RARE
Hospitality International Inc. (NASDAQ:RARE) in the S&P
SmallCap 600 after the close of trading on Friday, September 28.
RARE Hospitality is being acquired by S&P 500 constituent
Darden Restaurants Inc. (NYSE:DRI) 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/. InterContinental
Exchange owns and operates an Internet-based global electronic
marketplace. Headquartered in Atlanta, GA, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Specialized Finance Sub-Industry index. Tesoro engages in
refining and marketing petroleum products in the United States.
Headquartered in San Antonio, TX, the company will be added to the
S&P 500 GICS Oil & Gas Refining & Marketing
Sub-Industry index. Teradata provides data warehousing solutions
for its customers. Headquartered in Duluth, GA, the company will be
added to the S&P 500 GICS Computer Hardware Sub-Industry index.
Expedia operates as an online travel company. Headquartered in
Bellevue, WA, the company will be added to the S&P 500 GICS
Internet Retail Sub-Industry index. NCR provides technology and
services that help businesses to interact, connect, and relate with
their customers. Headquartered in Dayton, OH, the company will be
added to the S&P MidCap 400 GICS Computer Hardware Sub-
Industry index. optionsXpress offers an online retail platform that
provides brokerage services. Headquartered in Chicago, IL, the
company will be added to the S&P SmallCap 600 GICS Investment
Banking & Brokerage Sub-Industry index. Following is a summary
of the changes: S&P 500 INDEX - September 24, 2007 COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY DELETED First Data Information
Technology Processing & Data Outsourced Services S&P 500
INDEX - September 25, 2007 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED InterContinental Financials Specialized Exchange
Finance S&P 500 INDEX - September 26, 2007 COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Tesoro Energy Oil & Gas
Refining & Marketing DELETED Maxim Information Technology
Semiconductors Integrated Products S&P 500 INDEX - September
28, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED
Teradata Information Technology Computer Hardware DELETED NCR
Information Technology Computer Hardware S&P 500 INDEX -
October 1, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Expedia Consumer Discretionary Internet Retail DELETED
Solectron Information Technology Electronic Manufacturing Services
S&P MIDCAP 400 INDEX - September 28, 2007 COMPANY GICS ECONOMIC
SECTOR GICS SUB-INDUSTRY ADDED NCR Information Technology Computer
Hardware DELETED Beazer Homes Consumer Discretionary Homebuilding
S&P SMALLCAP 600 INDEX - September 28, 2007 COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED optionsXpress Financials
Investment Holdings Banking & Brokerage DELETED RARE Consumer
Discretionary Restaurants Hospitality International 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 8,500 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 212
438-3907 Web site: http://www.standardandpoors.com/
http://www.mcgraw-hill.com/
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