Standard & Poor's Announces Changes to U.S. Indices
November 08 2007 - 6:19PM
PR Newswire (US)
NEW YORK, Nov. 8 /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 SmallCap 600 constituent
Manitowoc Co. Inc. (NYSE:MTW) will replace Tektronix Inc.
(NYSE:TEK) in the S&P 500 and Wright Express Corp. (NYSE:WXS)
will replace Manitowoc in the S&P SmallCap 600 after the close
of trading on Thursday, November 15. Tektronix is being acquired by
S&P 500 constituent Danaher Corp. (NYSE:DHR) in a deal expected
to close on or about that date, pending final approvals. --
American Tower Corp. (NYSE:AMT) will replace ALLTEL Corp. (NYSE:AT)
in the S&P 500 after the close of trading on a date to be
announced. ALLTEL is being acquired by TPG Capital and GS Capital
Partners in a deal pending final approvals. -- S&P REIT
Composite constituent Realty Income Corp. (NYSE:O) will replace
Nuveen Investments Inc. (NYSE:JNC) in the S&P MidCap 400 after
the close of trading on Tuesday, November 13. Nuveen is being
acquired by an investor group led by Madison Dearborn Partners in a
deal expected to close on or about that date, pending final
approvals. Standard & Poor's will monitor these transactions,
and post any relevant updates on its website:
http://www.standardandpoors.com/. Manitowoc engages in the
manufacture and marketing of cranes, foodservice equipment and
marine products. Headquartered in Manitowoc, WI, the company will
be added to the S&P 500 GICS (Global Industry Classification
Standard) Construction & Farm Machinery & Heavy Trucks
Sub-Industry index. American Tower engages in the ownership,
operation and development of communication tower sites.
Headquartered in Boston, MA, the company will be added to the
S&P 500 GICS Wireless Telecommunication Services Sub-Industry
index. Realty Income is a REIT that engages in the acquisition and
ownership of commercial retail real estate properties in the United
States. Headquartered in Escondido, CA, the company will be added
to the S&P MidCap 400 GICS Retail REITs Sub-Industry index.
Wright Express provides payment processing and information
management services to the commercial and government vehicle fleet
industry in the United States. Headquartered in South Portland, ME,
the company will be added to the S&P SmallCap 600 GICS Data
Processing & Outsourced Services Sub-Industry index. Following
is a summary of the changes: S&P 500 INDEX - November 15, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Manitowoc
Industrials Construction & Farm Machinery & Heavy Trucks
DELETED Tektronix Information Technology Electronic Equipment
Manufacturers S&P 500 INDEX - To Be Announced COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED American Tower
Telecommunication Wireless Services Telecommunication Services
DELETED ALLTEL Telecommunication Wireless Services
Telecommunication Services S&P MIDCAP 400 INDEX - November 13,
2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Realty
Income Financials Retail REITs DELETED Nuveen Financials Asset
Management & Investments Custody Banks S&P SMALLCAP 600
INDEX - November 15, 2007 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Wright Express Information Technology Data
Processing & Outsourced Services DELETED Manitowoc Industrials
Construction & Farm Machinery & Heavy Trucks 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 8,500 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
+1-212-438-3907 Web site: http://www.standardandpoors.com/
http://www.mcgraw-hill.com/
Copyright
Nuveen Investments (NYSE:JNC)
Historical Stock Chart
From May 2024 to Jun 2024
Nuveen Investments (NYSE:JNC)
Historical Stock Chart
From Jun 2023 to Jun 2024