Standard & Poor's Announces Changes to U.S. Indices
14 Novembre 2007 - 12:22AM
PR Newswire (US)
NEW YORK, Nov. 13 /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 URS Corp.
(NYSE:URS) will replace Micrel Inc. (NASDAQ:MCRL) in the S&P
MidCap 400 and Micrel will replace URS Corp. in the S&P
SmallCap 600 after the close of trading on a date to be announced.
URS is acquiring Washington Group International Inc. (NYSE:WNG) in
a deal still pending final approvals. The market capitalization of
Micrel at the close of today's trading was approximately $648
million, whereas the minimum market capitalization for addition to
the S&P MidCap 400 is $1.5 billion. Standard & Poor's will
monitor these transactions, and post any relevant updates on its
website: http://www.standardandpoors.com/. URS operates as an
engineering design services company. Headquartered in San
Francisco, CA, the company will be added to the S&P MidCap 400
GICS (Global Industry Classification Standard) Construction &
Engineering Sub- Industry index. Micrel engages in the design,
development, manufacture, and marketing of high-performance analog
power, mixed-signal, and digital integrated circuits. Headquartered
in San Jose, CA, the company will be added to the S&P SmallCap
600 GICS Semiconductors 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 URS Industrials
Construction & Engineering DELETED Micrel Information
Technology Semiconductors S&P SMALLCAP 600 INDEX - To Be
Announced COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED
Micrel Information Technology Semiconductors DELETED URS
Industrials Construction & Engineering 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/. For more
information contact: David M. Blitzer, Ph.D. Managing Director
& Chairman of the Index Committee (212) 438-3907 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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