Standard & Poor's Announces Changes to U.S. Indices
20 Agosto 2007 - 11:55PM
PR Newswire (US)
NEW YORK, Aug. 20 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P MidCap 400 and S&P
SmallCap 600 indices: -- S&P SmallCap 600 constituent
Cleveland-Cliffs Inc. (NYSE:CLF) will replace Ohio Casualty Corp.
(NASD: OCAS) in the S&P MidCap 400 and Phase Forward Inc.
(NASD: PFWD) will replace Cleveland-Cliffs in the S&P SmallCap
600 after the close of trading on a date to be announced. Ohio
Casualty is being acquired by Liberty Mutual Group in a deal that
is still pending final approvals. -- Zumiez, Inc. (NASD: ZUMZ) will
replace CT Communications Inc. (NASD: CTCI) in the S&P SmallCap
600 after the close of trading on a date to be announced. CT
Communications is being acquired by S&P 500 constituent
Windstream Corp. (NYSE:WIN) in a deal that is still pending final
approvals. Standard & Poor's will monitor these transactions,
and post any relevant updates on its website:
http://www.standardandpoors.com/. Cleveland Cliffs engages in the
production and sale of iron ore pellets to integrated steel
companies. Headquartered in Cleveland, OH, the company will be
added to the S&P MidCap 400 GICS (Global Industry
Classification Standard) Steel Sub-Industry index. Phase Forward
provides integrated enterprise-level software products, services,
and hosted solutions for use in clinical trial and drug safety
monitoring activities. Headquartered in Waltham, MA, the company
will be added to the S&P SmallCap 600 GICS Health Care
Technology Sub-Industry index. Zumiez, a mall-based specialty
retailer, provides action sports-related apparel, footwear,
equipment, and accessories. Headquartered in Everett, WA, the
company will be added to the S&P SmallCap 600 GICS Apparel
Retail Sub- Industry index. Following is a summary of the changes:
S&P MIDCAP 400 INDEX - To Be Announced COMPANY GICS ECONOMIC
SECTOR GICS SUB-INDUSTRY ADDED Cleveland-Cliffs Materials Steel
DELETED Ohio Casualty Financials Property & Casualty Insurance
S&P SMALLCAP 600 INDEX - To Be Announced COMPANY GICS ECONOMIC
SECTOR GICS SUB-INDUSTRY ADDED Phase Forward Health Care Health
Care Technology DELETED Cleveland-Cliffs Materials Steel S&P
SMALLCAP 600 INDEX - To Be Announced COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED Zumiez Consumer Discretionary Apparel
Retail DELETED CT Communications Telecommunication Integrated
Services Telecommunication Services 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
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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/
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