Standard & Poor's Announces Changes to U.S. Indices
NEW YORK, Dec. 21 /PRNewswire/ -- S&P MidCap 400 constituent XTO Energy Inc. (NYSE:XTO) will replace PeopleSoft Inc. (NASDAQ:PSFT) in the S&P 500 after the
close of trading on Tuesday, December 28. PeopleSoft is being acquired by S&P
500 constituent Oracle Corp. (NASDAQ:ORCL) in a deal expected to close on or
about that date, pending final approval. Advance Auto Parts Inc. (NYSE:AAP)
will replace XTO Energy in the S&P MidCap 400.
As previously announced, additions will be made using the companies' half
float-adjusted market capitalization. Standard & Poor's will monitor these
transactions, and post any relevant updates on its website:
http://www.standardandpoors.com/.
XTO Energy is a producer of natural gas, coal bed methane, and crude oil
engaged in the acquisition and development of long-lived properties across the
U.S. Headquartered in Fort Worth, TX, the company will be added to the S&P 500
GICS (Global Industry Classification Standard) Oil & Gas Exploration &
Production Sub-Industry Index.
Advance Auto Parts is an automotive parts retailer, primarily serving the
United States aftermarket industry. Headquartered in Roanoke, VA, the company
will be added to the S&P MidCap 400 GICS Specialty Stores Sub-Industry Index.
Following is a summary of the changes: S&P 500 INDEX - December 28, 2004 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED XTO Energy Energy Oil & Gas
Exploration &
Production DELETED PeopleSoft Information Application
Technology Software S&P MIDCAP 400 INDEX - December 28, 2004 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Advance Auto Parts Consumer Specialty
Discretionary Stores DELETED XTO Energy Energy Oil & Gas
Exploration &
Production 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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Managing Director & Chairman of the Index Committee (212) 438-3907 Web site: http://www.standardandpoors.com/
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