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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