Standard & Poor's Announces Changes to U.S. Indices
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NEW YORK, June 16 /PRNewswire/ -- Standard & Poor's will make the following
changes to the S&P MidCap 400 and S&P SmallCap 600 indices after the close of
trading on Tuesday, June 23:
-- Employers Holdings Inc. (NYSE: EIG) will replace Catapult
Communications
(Nasdaq: CATT) in the S&P SmallCap 600. Catapult is being acquired
by Ixia (Nasdaq: XXIA) in a cash tender offer expected to expire soon.
-- S&P SmallCap 600 constituent WMS Industries Inc. (NYSE: WMS) will
replace The Colonial BancGroup Inc. (NYSE: CNB) in the S&P MidCap
400, and Badger Meter Inc. (NYSE: BMI) will replace WMS Industries in
the S&P SmallCap 600. As of today's close of trading, Colonial
BancGroup had a market capitalization of approximately $206 million
whereas the minimum market cap needed to be admitted to the index is
currently $750 million.
Standard & Poor's will monitor these transactions, and post any relevant
updates on its website: www.standardandpoors.com.
Employers Holdings is a provider of workers' compensation insurance.
Headquartered in Reno, NV, the company will be added to the S&P SmallCap 600
GICS (Global Industry Classification Standard) Property & Casualty Insurance
Sub-Industry index.
WMS Industries is a provider of gaming products to the legalized gaming
industry. Headquartered in Waukegan, IL, the company will be added to the S&P
MidCap 400 GICS Casinos & Gaming Sub-Industry index.
Badger Meter is a manufacturer and marketer of products incorporating liquid
flow measurement and control technologies. Headquartered in Milwaukee, WI, the
company will be added to the S&P SmallCap 600 GICS Industrial Machinery
Services Sub-Industry index.
S&P SMALLCAP 600 INDEX - June 23, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Employers Holdings Financials Property & Casualty
Insurance
Badger Meter Industrials Industrial Machinery
DELETED Catapult Information Application Software
Communications Technology
WMS Industries Consumer Casinos & Gaming
Discretionary
Following is a summary of the changes:
S&P MIDCAP 400 INDEX - June 23, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED WMS Industries Consumer Discretionary Casinos & Gaming
DELETED Colonial BancGroup Financials Regional Banks
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 www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary 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 10,000 employees,
including wholly owned affiliates, located in 23 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.
SOURCE Standard & Poor's
David M. Blitzer, Ph.D., Managing Director & Chairman of the Index Committee,
+1-212-438-3907
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