NEW YORK, July 2 /PRNewswire/ -- Standard & Poor's will make the following changes after the close of trading on Friday, July 6: - American Capital Strategies Ltd. (NASDAQ:ACAS) will replace Dollar
General Corp. (NYSE:DG) in the S&P 500. Dollar General is being
acquired by investment funds affiliated with Kohlberg Kravis Roberts &
Co. L.P. in a deal expected to close on or about that date, pending
final approvals.
- Bill Barrett Corp. (NYSE:BBG) will replace Laureate Education Inc. (NASDAQ:LAUR) in the S&P MidCap 400. Laureate is being acquired by an
investor group led by its chairman and CEO 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/.
American Capital Strategies is an investor in management and employee buyouts, special situations, and early stage and mature private and public companies. Headquartered in Bethesda, MD, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Asset Management & Custody Banks Sub-Industry index.
Bill Barrett explores for and produces primarily natural gas in nine basins in the U.S. Rocky Mountains. Headquartered in Denver, CO, the company will be added to the S&P MidCap 400 GICS Oil & Gas Exploration & Production Sub-Industry index.
Following is a summary of the changes: S&P 500 INDEX - July 6, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED American Capital Financials Asset Management &
Strategies Custody Bank
DELETED Dollar General Consumer Discretionary General Merchandise
Stores S&P MIDCAP 400 INDEX - July 6, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Bill Barrett Energy Oil & Gas
Exploration &
Production
DELETED Laureate Consumer Discretionary Education
Education Services 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/ http://www.mcgraw-hill.com/
|