Standard & Poor's Announces Changes to U.S. Indices
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NEW YORK, Oct. 29 /PRNewswire/ -- S&P 500 constituent Freeport -McMoRan Copper
& Gold Inc. (NYSE: FCX) will replace Schering-Plough Corp. (NYSE: SGP) in the
S&P 100, S&P MidCap 400 constituent Priceline.com Inc. (NASD: PCLN) will
replace Schering-Plough in the S&P 500, and MSCI Inc. (NYSE: MXB) will replace
Priceline.com in the S&P MidCap 400, all after the close of trading on a date
to be announced. Schering-Plough is merging with S&P 100 and 500 constituent
Merck & Co. (NYSE: MRK) in a deal expected to be completed soon pending final
approvals.
Standard & Poor's will monitor these transactions, and post any relevant
updates on its website: www.standardandpoors.com.
Freeport -McMoRan Copper & Gold is headquartered in Phoenix, AZ.
Priceline.com is a global online travel company. Headquartered in Norwalk, CT,
the company will be added to the S&P 500 GICS (Global Industry Classification
Standard) Internet Retail Sub-Industry index.
MSCI is a provider of investment decision support tools. Headquartered in New
York, NY, the company will be added to the S&P MidCap 400 GICS Specialized
Finance Sub-Industry index.
Following is a summary of the changes:
S&P 100 INDEX - TBA
--------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Freeport McMoRan Materials Diversified Metals
Copper & Gold & Mining
DELETED Schering-Plough Health Care Pharmaceuticals
S&P 500 INDEX - TBA
----------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Priceline.com Consumer Internet
Discretionary Retail
DELETED Schering-Plough Health Care Pharmaceuticals
S&P MIDCAP 400 INDEX - TBA
-----------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED MSCI Financials Specialized
Finance
DELETED Priceline.com Consumer Internet
Discretionary Retail
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. Over $1 trillion is directly indexed to Standard & Poor's
family of indices, which includes the S&P 500, the world's most followed stock
market index, the S&P Global 1200, a composite index comprised of seven
regional and country headline indices, the S&P Global BMI, an index with
approximately 11,000 constituents, and the S&P GSCI, the industry's most
closely watched commodities index. 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 offices 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 nearly 150 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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