NEW YORK, Dec. 1, 2010 /PRNewswire/ -- S&P will make
the following changes to the S&P SmallCap 600 and MidCap 400
Indices:
- Texas Capital Bancshares Inc. (NASD: TCBI) will replace Rewards
Network Inc. (NASD: DINE) in the S&P SmallCap 600 after
the close of trading on Tuesday, December
7. Rewards Network is being acquired by Equity Group
Investments in a deal expected to be completed soon, pending final
conditions.
- Compass Minerals International Inc. (NYSE: CMP) will replace
ADC Telecommunications Inc. (NASD: ADCT) in the S&P MidCap 400
after the close of trading on a date to be announced. S&P Total
Market Index constituent Tyco Electronics Ltd. (NYSE: TEL) is
acquiring ADC Telecommunications 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.
Texas Capital Bancshares provides various banking and financial
services. Headquartered in Dallas,
TX, the company will be added to the S&P SmallCap 600
GICS (Global Industry Classification Standard) Regional Banks
Sub-Industry index.
Compass Minerals International engages in the production and
marketing of inorganic mineral products. Headquartered in
Overland Park, KS, the company
will be added to the S&P MidCap 400 GICS Diversified Metals
& Mining Sub-Industry index.
Following is a summary of the changes:
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S&P
SMALLCAP 600 INDEX – December 7, 2010
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COMPANY
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GICS
ECONOMIC SECTOR
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GICS
SUB-INDUSTRY
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ADDED
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Texas
Capital Bancshares
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Financials
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Regional
Banks
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DELETED
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Rewards
Network
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Financials
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Consumer
Finance
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S&P
MIDCAP 400 INDEX – TBA
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COMPANY
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GICS
ECONOMIC SECTOR
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GICS
SUB-INDUSTRY
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ADDED
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Compass
Minerals International
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Materials
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Diversified
Metals & Mining
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DELETED
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ADC
Telecommunications
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Information
Technology
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Communications
Equipment
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For more information about S&P Indices, please visit
www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, a part of McGraw-Hill Financial, is the world's
leading index provider maintaining a wide variety of investable and
benchmark indices. Over $1.25
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/Case-Shiller Home Price
Indices, the leading measure of U.S. home prices, the S&P
Global BMI, an index with approximately 11,000 constituents, the
S&P GSCI, the industry's most closely watched commodities
index, and the S&P National AMT-Free Municipal Bond Index, the
premier investable index for U.S. municipal bonds. For more
information, please visit www.standardandpoors.com/indices.
About McGraw-Hill Financial
McGraw-Hill Financial, a part of The McGraw-Hill Companies
(NYSE: MHP), is a leading provider of research and analytical tools
for investment advisors, wealth managers and institutional
investors. It deploys the latest innovative technology strategies
to deliver to customers a portfolio of cross-asset analytics,
integrated desktop services, valuation and index benchmarks and
investment recommendations in the rapidly growing $16 billion financial information, data and
analytics market.
For more information
contact:
David M. Blitzer,
Ph.D.
Managing Director & Chairman
of the Index Committee
(212) 438-3907
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SOURCE Standard & Poor's