NEW YORK, April 2 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500 and S&P SmallCap 600 indices: -- Assurant Inc. (NYSE:AIZ) will replace Realogy Corporation (NYSE:H) in
the S&P 500 after the close of trading on Monday, April 9. Realogy is
being acquired by an affiliate of Apollo Management L.P. in a deal
expected to close on or about that date, pending final approvals.
-- Frontier Financial Corp. (NASDAQ:FTBK) will replace Altiris Inc. (NASDAQ:ATRS) in the S&P SmallCap 600 after the close of trading on a
date to be announced. Altiris is being acquired by S&P 500 constituent
Symantec Corp. (NASDAQ:SYMC) in a deal that is still pending final
approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Assurant provides specialized insurance products and related services. Headquartered in New York, NY, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Multi-line Insurance Sub-Industry index.
Frontier Financial provides various commercial banking services in the state of Washington. Headquartered in Everett, WA, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes: S&P 500 INDEX - April 9, 2007 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR ADDED Assurant Financials Multi-line Insurance
DELETED Realogy Financials Real Estate Management & Development S&P SMALLCAP 600 INDEX - To Be Announced GICS ECONOMIC GICS
COMPANY SECTOR SUB-INDUSTRY ADDED Frontier Financial Financials Regional Banks
DELETED Altiris Information Technology Application 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.
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