Standard & Poor's Announces Changes to U.S. Index

Date : 05/02/2007 @ 6:17PM
Source : PR Newswire
Click here for ADVFN's up to the minute news service. Access our extensive collection of financial news from around the world including US, Europe and Asia.
<< Back

 



Standard & Poor's Announces Changes to U.S. Index

NEW YORK, May 2 /PRNewswire-FirstCall/ Standard & Poor's will make the following changes to the S&P SmallCap 600 index:

* Texas Roadhouse Inc. (NASDAQ:TXRH) will replace Global Imaging Systems Inc. (NASDAQ:GISX) in the S&P SmallCap 600 after the close of trading on Tuesday, May 8. Global Imaging Systems is being acquired by S&P 100 & 500 constituent Xerox Corp. (NYSE:XRX) in a deal expected to close on or about that date.

* Res-Care Inc. (NASDAQ:RSCR) will replace Dendrite International Inc.

(NASDAQ:DRTE) in the S&P SmallCap 600 after the close of trading on a date to be announced. Dendrite is being acquired by Cegedim S.A. in a deal still pending final approvals.

Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.

Texas Roadhouse operates a full-service, casual dining restaurant chain in the United States. Headquartered in Louisville, KY, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Restaurants Sub-Industry index.

Res-Care provides residential, therapeutic, job training, and educational support services for people with disabilities and special needs. Headquartered in Louisville, KY, the company will be added to the S&P SmallCap 600 GICS Health Care Services Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX -- May 8, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY

ADDED Texas Roadhouse Consumer Discretionary Restaurants

DELETED Global Imaging Information Technology Systems Technology Distributors

S&P SMALLCAP 600 INDEX -- To Be Announced COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY

ADDED Res-Care Health Care Health Care Services DELETED Dendrite Health Care Health Care Technology

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

(212) 438-3907

Web site: http://www.standardandpoors.com/

<< Back


Global Imaging Systems (MM) Historical Chart Global Imaging Systems (MM) Intraday Chart  
Period


LSE and PLUS quotes are live. NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions :: Contact Us :: Request an Exchange :: Affiliate Scheme
Copyright1999-2008 ADVFN PLC. Copyright and limited reproduction :: Privacy Policy :: Investment Warning :: Advertise with us :: Data accreditations :: Investor Relations :: Press office :: Jobs
ADDITIONAL SERVICES AVAILABLE FROM ADVFN
Upgrade - Click here for more information on ADVFN premium services Money Words - ADVFN Financial Glossary Investor Training ADVFN Financial Bookshop Online Training Academy
32 site:2us 080906 18:36 Stock Message Boards ( 2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2007 )