Standard & Poor's Announces Changes to U.S. Indices
January 02 2007 - 5:36PM
PR Newswire (US)
NEW YORK, Jan. 2 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 500, S&P MidCap 400, and
S&P SmallCap 600 indices: * S&P MidCap 400 constituent
ENSCO International Inc. (NYSE:ESV) will replace BellSouth Corp.
(NYSE:BLS) in the S&P 500, S&P SmallCap 600 constituent
Cimarex Energy Co. (NYSE:XEC) will replace ENSCO International in
the S&P MidCap 400, and Hornbeck Offshore Services Inc.
(NYSE:HOS) will replace Cimarex Energy in the S&P SmallCap 600
after the close of trading on Wednesday, January 3. BellSouth was
acquired by S&P 500 and S&P 100 constituent AT&T Inc.
(NYSE:T) in a deal that was completed after the close of trading on
Friday, December 29. In tomorrow's closing index calculation,
BellSouth's price will be the price of AT&T multiplied by
1.325. Standard & Poor's will monitor these transactions, and
post any relevant updates on its website:
http://www.standardandpoors.com/. ENSCO provides offshore contract
drilling services to the oil and gas industry. Headquartered in
Dallas, TX, the company will be added to the S&P 500 GICS
(Global Industry Classification Standard) Oil & Gas Drilling
Sub- Industry index. Cimarex operates as an oil and gas exploration
and production company. Headquartered in Denver, CO, the company
will be added to the S&P MidCap 400 GICS Oil & Gas
Exploration & Production Sub-Industry index. Hornbeck provides
offshore supply vessels to the oil and gas industry. Headquartered
in Covington, LA, the company will be added to the S&P SmallCap
600 GICS Oil & Gas Equipment & Services Sub-Industry index.
Following is a summary of the changes: S&P 500 INDEX - January
3, 2007 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR ADDED ENSCO
Energy Oil & Gas International Drilling DELETED BellSouth
Telecommunication Integrated Services Telecommunication Services
S&P MIDCAP 400 INDEX - January 3, 2007 COMPANY GICS ECONOMIC
GICS SUB-INDUSTRY SECTOR ADDED Cimarex Energy Energy Oil & Gas
Exploration & Production DELETED ENSCO Energy Oil & Gas
International Drilling S&P SMALLCAP 600 INDEX - January 3, 2007
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR ADDED Hornbeck
Energy Oil & Gas Offshore Equipment & Services DELETED
Cimarex 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. 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 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 240 offices in 36 countries. Sales in
2005 were $6.0 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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