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Refining Spinoff Phillips 66 To Displace Supervalu In S&P 500

By Matt Jarzemsky Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Phillips 66 (PSX), the refining company splitting from ConocoPhillips (COP), will replace Supervalu Inc. (SVU) in Standard & Poor's 500-stock index at the end of the month. The move is set to occur alongside the completion of Phillips 66's spinoff after the close of trading on April 30, the index operator said Monday. The index includes 500 leading large-cap U.S. companies. S&P is a unit of McGraw-Hill Cos. (MHP). S&P said Supervalu, the supermarket chain whose brands include Albertson's and Save-A-Lot, will join its index of 400 midcap stocks, replacing American Greetings Corp. (AM). The greeting-card maker will displace Standard Register Co. (SR) in the S&P 600 small-cap index. ConocoPhillips said earlier this month its board approved the spinoff of its refining arm as it seeks to focus on its exploration-and-production business. Phillips 66 plans to expand chemical and midstream operations. ConocoPhillips shares were up 0.1% at $72.43 in after-hours trading. Supervalu slid 1.8% to $6.02. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240;

Stock News for Standard Regist (SR)
03/06/201516:54:37Initial Statement of Beneficial Ownership (3)
03/06/201516:44:07Initial Statement of Beneficial Ownership (3)
03/06/201516:04:34Current Report Filing (8-k)
03/04/201509:20:00Standard Register Common Stock to Move to OTC Trading
03/02/201516:29:28Current Report Filing (8-k)
02/25/201508:58:33Statement of Changes in Beneficial Ownership (4)
02/23/201514:51:52Statement of Changes in Beneficial Ownership (4)
02/23/201514:36:58Statement of Changes in Beneficial Ownership (4)
02/23/201514:26:20Statement of Changes in Beneficial Ownership (4)
02/23/201514:13:47Statement of Changes in Beneficial Ownership (4)
02/23/201514:00:37Statement of Changes in Beneficial Ownership (4)
02/23/201513:40:14Statement of Changes in Beneficial Ownership (4)
02/17/201509:00:00Standard Register To Launch SMART Franchise Marketing at IFA...
02/11/201509:00:00Webster Bank and Standard Register Sign Multi-Year Customer Communications...
02/09/201517:29:25Amended Statement of Beneficial Ownership (sc 13d/a)
02/04/201517:28:42Amended Statement of Beneficial Ownership (sc 13d/a)
02/03/201518:07:12Statement of Changes in Beneficial Ownership (4)
01/30/201517:16:35Amended Statement of Beneficial Ownership (sc 13d/a)
01/29/201518:48:00Statement of Changes in Beneficial Ownership (4)
01/29/201509:00:00Standard Register Recognized as Leading Supplier for Corporate...

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