MVK Maverick Tube

NEW YORK, Sept. 25 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, MidCap 400 and SmallCap 600 indices: * The Western Union Company (NYSE:WUwi) will replace Andrew Corp. (NASD: ANDW) in the S&P 500, Andrew Corp. will replace Cabot Microelectronics Corp. (NASD: CCMP) in the S&P MidCap 400, and Cabot Microelectronics will replace Bally Total Fitness Holding Corp. (NYSE:BFT) in the S&P SmallCap 600 after the close of trading on Friday, September 29. Western Union is being spun off by S&P 500 constituent First Data Corp. (NYSE:FDC) in a deal expected to close on or about that date. At today's close of trading Bally Total Fitness had a market capitalization of roughly $77 million, whereas the minimum market cap a company must maintain to be considered for addition to the S&P SmallCap 600 index is $300 million. * S&P REIT Composite constituent Inland Real Estate Corp. (NYSE:IRC) will replace Maverick Tube Corp. (NYSE:MVK) in the S&P SmallCap 600 after the close of trading on Monday, October 2. Maverick Tube is being acquired by S&P Global 1200 constituent Tenaris S.A. (NYSE:KIM) in a deal expected to close on or about that date, pending final approvals. Additionally, S&P 500 constituent Wendy's International Inc. (NYSE:WEN) is spinning off its 82.75% ownership stake in Tim Hortons Inc. (NYSE:THIwi) in a distribution expected to become effective after the close of trading on Friday, September 29. Wendy's will remain in the S&P 500, and Tim Hortons will not be added to an S&P U.S. index at this time. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. Western Union provides ways to send money around the world, pay bills and purchase money orders. Headquartered in Englewood, CO, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Data Processing & Outsourced Services Sub-Industry index. Andrew Corp. is a global supplier of communications products and systems, with an emphasis on wireless communications. Headquartered in Westchester, IL, the company will be added to the S&P MidCap 400 GICS Communications Equipment Sub-Industry index. Cabot Microelectronics supplies polishing slurries used in the manufacture of advanced integrated circuit devices in the semiconductor industry. Headquartered in Aurora, IL, the company will be added to the S&P SmallCap 600 GICS Semiconductor Equipment Sub-Industry index. Inland Real Estate is a real estate investment trust that owns interests in 144 neighborhood, community and single-tenant retail centers located primarily in the midwestern United States. Headquartered in Oak Brook, IL, the company will be added to the S&P SmallCap 600 GICS Retail REITs Sub-Industry index. Following is a summary of the changes: S&P 500 INDEX - September 29, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Western Union Information Technology Data Processing & Outsourced Services DELETED Andrew Information Technology Communications Equipment S&P MIDCAP 400 INDEX - September 29, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Andrew Information Technology Communications Equipment DELETED Cabot Information Technology Semiconductor Microelectronics Equipment S&P SMALLCAP 600 INDEX - September 29, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Cabot Information Technology Semiconductor Microelectronics Equipment DELETED Bally Total Consumer Discretionary Leisure Facilities Fitness S&P SMALLCAP 600 INDEX - October 2, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Inland Real Estate Financials Retail REITs DELETED Maverick Tube Energy Oil & Gas Equipment & 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 independent credit ratings, indices, risk evaluation, investment research and data. With approximately 6,300 employees located in 21 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/. About The McGraw-Hill Companies 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, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 290 offices in 38 countries. Sales in 2005 were $6.0 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