Standard & Poor's Announces Changes to U.S. Indices
23 Ottobre 2008 - 12:28AM
PR Newswire (US)
NEW YORK, Oct. 22 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P MidCap 400 and S&P
SmallCap 600 indices: -- Clean Harbors Inc. (NASD: CLHB) will be
added to the S&P MidCap 400 after the close of trading on
Monday, October 27. Clean Harbors is taking the place of DRS
Technologies Inc. (NYSE:DRS) which was removed from the index after
the close of trading today upon completion of its acquisition by
S&P Global 1200 constituent Finmeccanica SpA. -- Brink's Home
Security Holdings Inc. (NYSE:CFL-w) will replace Charming Shoppes
(NASD: CHRS) in the S&P MidCap 400 after the close of trading
on Friday, October 31. Brink's Home Security is being spun off from
S&P MidCap 400 constituent The Brink's Company (NYSE:BCO) in a
transaction expected to be completed on or around that date. The
Brink's Company stub will remain in the index. As of today's close,
Charming Shoppes had a market capitalization of approximately $156
million whereas the minimum market cap required for inclusion in
the index is $1.0 billion. -- Fulton Financial Corp. (NASD: FULT)
will replace Foundry Networks, Inc. (NASD: FDRY) in the S&P
MidCap 400 after the close of trading on a date to be announced.
Foundry Networks is being acquired by Brocade Communications
Systems Inc. (NASD: BRCD) in a transaction still pending final
approvals. -- CorVel Corp. (NASD: CRVL) will replace OMNOVA
Solutions Inc (NYSE: NYSE:OMN) in the S&P SmallCap 600 after
the close of trading on Monday, October 27. As of today's close,
OMNOVA Solutions had a market capitalization of approximately $27
million, ranking it 600th in the index. Standard & Poor's will
monitor these transactions, and post any relevant updates on its
website: http://www.standardandpoors.com/. Clean Harbors provides
environmental services. Headquartered in Norwell, MA, the company
will be added to the S&P 400 GICS (Global Industry
Classification Standard) Environmental & Facilities Services
Sub-Industry index. Brink's Home Security Holdings markets,
installs, services and monitors security alarm systems.
Headquartered in Irving, TX, the company will be added to the
S&P MidCap 400 GICS Specialized Consumer Services Sub-Industry
index. Fulton Financial Corporation operates retail banks and other
financial services companies. Headquartered in Lancaster, PA the
company will be added to the S&P MidCap 400 GICS Regional Banks
Sub-Industry index. CorVel Corp. is a provider of medical cost
containment and managed care services. Headquartered in Irvine, CA,
the company will be added to the S&P SmallCap 600 GICS Health
Care Services Sub-Industry index. Following is a summary of the
changes: S&P MIDCAP 400 INDEX - October 22, 2008 COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY DELETED DRS Industrials Aerospace
& Defense Technologies S&P MIDCAP 400 INDEX - October 27,
2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Clean
Industrials Environmental & Harbors Facilities Services S&P
SMALLCAP 600 INDEX - October 27, 2008 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED CorVel Health Care Health Care Services
DELETED OMNOVA Solutions Materials Specialty Chemicals S&P
MIDCAP 400 INDEX - October 31, 2008 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED Brink's Home Industrials Specialized
Consumer Security Holdings Services DELETED Charming Shoppes
Consumer Apparel Retail Discretionary S&P MIDCAP 400 INDEX -
TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Fulton
Financial Financials Regional Banks DELETED Foundry Networks
Information Technology Communications Equipment 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 Index Services Standard & Poor's Index
Services, the world's leading index provider, maintains a wide
variety of investable and benchmark indices to meet an array of
investor needs. Its family of indices includes the S&P 500, an
index with $1.5 trillion invested and $4.85 trillion benchmarked,
and the S&P Global 1200, a composite index comprised of seven
regional and country headline indices. For more information, please
visit http://www.standardandpoors.com/indices. About Standard &
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Companies (NYSE:MHP), is the world's foremost provider of financial
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http://www.standardandpoors.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.standardandpoors.com/indices
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