Standard & Poor's Announces Change to U.S. Index
February 15 2007 - 5:49PM
PR Newswire (US)
NEW YORK, Feb. 15 /PRNewswire/ -- Cascade Corp. (NYSE:CAE) will
replace ElkCorp (NYSE:ELK) in the S&P SmallCap 600 index after
the close of trading on Wednesday, February 21, 2007. ElkCorp is
being acquired by Building Materials Corporation of America in a
deal expected to close on or about that date, pending final
approvals. Standard & Poor's will monitor this transaction, and
post any relevant updates on its website:
http://www.standardandpoors.com/. Cascade manufactures and markets
materials-handling load engagement devices and related parts,
primarily for the lift truck industry. Headquartered in Fairview,
OR, the company will be added to the S&P SmallCap 600 GICS
(Global Industry Classification Standard) Construction & Farm
Machinery & Heavy Trucks Sub-Industry index. Following is a
summary of the change: S&P SMALLCAP 600 INDEX - February 21,
2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Cascade
Industrials Construction & Farm Machinery & Heavy Trucks
DELETED ElkCorp Industrials Building Products 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
(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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