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/

Copyright

Elkcorp (NYSE:ELK)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Elkcorp Charts.
Elkcorp (NYSE:ELK)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Elkcorp Charts.