Standard & Poor's Announces Changes to U.S. Indices
15 Dicembre 2005 - 11:53PM
PR Newswire (US)
NEW YORK, Dec. 15 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P SmallCap 600 and S&P REIT
Composite indices after the close of trading Wednesday, December
21: -- CCE Spinco Inc. (NYSE:LYVwi) will replace Fedders Corp.
(NYSE:FJC) in the S&P SmallCap 600. CCE Spinco is being spun
off by S&P 500 constituent Clear Channel Communications Inc.
(NYSE:CCU). Fedders is being removed from the index on account of
low share price and market capitalization. -- Equity One Inc.
(NYSE:EQY) will replace Prentiss Properties Trust (NYSE:PP) in the
S&P REIT Composite. Prentiss is being acquired by fellow
S&P REIT Composite constituent Brandywine Realty Trust
(NYSE:BDN) in a deal expected to close on or about December 21,
pending final approvals. Standard & Poor's will monitor these
transactions, and post any relevant updates on its website:
http://www.standardandpoors.com/. CCE Spinco specializes in live
events including music concerts, theatrical shows and specialized
motor sports. Headquartered in San Antonio, TX, the company will be
added to the S&P SmallCap 600 GICS (Global Industry
Classification Standard) Movies & Entertainment Sub-Industry
Index. Equity One is a real estate investment trust that
principally acquires, renovates, develops and manages shopping
centers. Headquartered in North Miami Beach, FL, the company will
be added to the S&P REIT Composite Retail property category.
Following is a summary of the changes: S&P SMALLCAP 600 INDEX -
December 21, 2005 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED CCE Spinco Consumer Discretionary Movies & Entertainment
DELETED Fedders Corp. Consumer Discretionary Household Appliances
S&P REIT COMPOSITE INDEX - December 21, 2005 COMPANY REIT TYPE
PROPERTY TYPE ADDED Equity One Equity Retail DELETED Prentiss
Properties Equity Industrial/Office 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
independent credit ratings, indices, risk evaluation, investment
research and data. With approximately 6,300 employees located in 20
countries and markets, 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/. 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, BusinessWeek and McGraw-Hill Education. The Corporation has
more than 300 offices in 40 countries. Sales in 2004 were $5.3
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/
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