NEW YORK, Aug. 22 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500 and S&P MidCap 400 indices: -- S&P MidCap 400 constituent CF Industries Holdings Inc. (NYSE:CF) will replace Electronic Data Systems Corp. (NYSE:EDS) in the S&P 500, and SAIC Inc. (NYSE:SAI) will replace CF Industries in the S&P MidCap 400 after the close of trading on a date to be announced. Electronic Data Systems is being acquired by S&P 100 and S&P 500 constituent Hewlett-Packard Co. (NYSE:HPQ) in a transaction that is still pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
CF Industries manufactures and distributes nitrogen and phosphate fertilizer products. Headquartered in Deerfield, IL, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Fertilizers & Agricultural Chemicals Sub-Industry index.
SAIC provides scientific, engineering, systems integration and technical services. Headquartered in San Diego, CA, the company will be added to the S&P MidCap 400 GICS IT Consulting & Other Services Sub-Industry index.
Following is a summary of the changes: S&P 500 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED CF Industries Materials Fertilizers &
Agricultural
Chemicals DELETED Electronic Data Information Technology Data Processing &
Systems Outsourced
Services S&P MIDCAP 400 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED SAIC Information Technology IT Consulting &
Other Services DELETED CF Industries Materials Fertilizers &
Agricultural
Chemicals 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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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 23 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/. DATASOURCE: Standard & Poor's CONTACT: David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee +1-212-438-3907 Web site: http://www.standardandpoors.com/
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