Standard & Poor's Announces Changes to S&P U.S. Indices
28 October 2003 - 10:13AM
PR Newswire (US)
Standard & Poor's Announces Changes to S&P U.S. Indices NEW
YORK, Oct. 27 /PRNewswire/ -- Standard & Poor's will make the
following changes in the S&P MidCap 400, S&P SmallCap 600
and S&P REIT Composite after the close of trading on Friday,
October 31, 2003: -- S&P SmallCap 600 Zebra Technologies 'A'
(NASDAQ:ZBRA) will replace Neuberger Berman Inc. (NYSE:NEU) in the
S&P MidCap 400 Index. S&P 500 constituent Lehman Brothers
(NYSE:LEH) is acquiring Neuberger Berman in a deal anticipated to
close on or about October 31. The transaction is still subject to
shareholder approval. ManTech International 'A' (NASDAQ:MANT) will
replace Zebra Technologies in the S&P SmallCap 600 Index. --
Scotts Co. 'A' (NYSE:SMG) will replace Roslyn Bancorp (NASDAQ:RSLN)
in the S&P MidCap 400 Index. S&P MidCap 400 constituent New
York Community Bancorp (NYSE:NYB) is acquiring Roslyn Bancorp in a
deal anticipated to close on or about October 31. The transaction
is still subject to shareholder approval. Guitar Centers
(NASDAQ:GTRC) will replace Scotts Co. In the S&P SmallCap 600
Index. -- S&P MidCap 400 constituent Gartner, Inc. (IT.B)
recently retired $300 million of convertible subordinated debt with
an issuance of 49.4 million Class A shares. As a result, over 77%
of Gartner's shares outstanding are now Class A shares. On account
of the A's higher market value, shares outstanding and liquidity,
Standard & Poor's will remove Gartner's B shares from the
Index, and replace with its "A" class (NYSE:IT). -- Regency Centers
Corp. (NYSE:REG) and Correctional Properties Trust (NYSE:CPV) will
replace Host Marriott (NYSE:HMT) and Prime Group Realty Trust
(NYSE:PGE) in the S&P REIT Composite Index. Both companies are
being removed for suspending dividend payments since 2001. Standard
& Poor's will monitor these transactions, and post any updates
on its website: http://www.standardandpoors.com/. Zebra
Technologies and its wholly owned subsidiaries design, manufacture,
sell and support a line of computerized printers for the production
of bar code labels, receipts and tags, and plastic cards, specialty
bar code labeling materials, ink ribbons for bar code and card
printers and bar code label design software. The company,
headquartered in Vernon Hills, IL, will be added to the S&P
MidCap 400 GICS (Global Industry Classification Standard) Office
Electronics sub-industry. ManTech International delivers an array
of information technology (IT) and technical services solutions to
United States federal government customers, focusing primarily on
critical national defense programs for the intelligence community
and Department of Defense (DoD). The company, headquartered in
Fairfax, VA, will be added to the S&P SmallCap 600 GICS IT
Consulting & Other Services sub-industry. Scotts Co. 'A' and
its subsidiaries are engaged in the manufacture, marketing and sale
of lawn care and garden products. The company, headquartered in
Marysville, OH, will be added to the S&P MidCap 400 GICS
Fertilizers & Agricultural Chemicals sub-industry. Guitar
Center is a musical instruments retailer that operates Guitar
Center and American Music stores. The company, headquartered in
Westlake Village, CA, will be added to the S&P SmallCap 600
GICS Specialty Stores sub- industry Gartner, Inc. is a research and
advisory firm that helps more than 10,000 clients leverage
technology to achieve business success. The company, headquartered
in Stamford, CT, is part of the S&P MidCap 400 GICS IT
Consulting & Other Services sub-industry. Regency Centers Corp.
is a real estate investment trust that's an owner, operator and
developer of grocery-anchored retail shopping centers. The company,
headquartered in Jacksonville, Florida, will be added to the
S&P REIT Composite Retail property category. Correctional
Properties Trust is a real estate investment trust that capitalizes
on the growing trend toward privatization in the corrections
industry. The company, headquartered in Palm Beach Gardens, FL,
will be added to the S&P REIT Composite Specialty property
category. Following is a summary of the changes: S&P MIDCAP 400
INDEX - October 31, 2003 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Zebra Technologies 'A' Information Technology
Office Electronics Scotts Co.'A Materials Fertilizers &
Agricultural Chemicals DELETED Neuberger Asset Management &
Berman Inc. Financials Custody Banks Roslyn Bancorp Financials
Thrifts & Mortgage Finance S&P SMALLCAP 600 INDEX - October
31, 2003 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED
ManTech IT Consulting & International 'A' Information
Technology Other Svcs. Guitar Center Consumer Discretionary
Specialty Stores DELETED Zebra Technologies 'A' Information
Technology Office Electronics Scotts Co.'A Materials Fertilizers
& Agricultural Chemicals S&P REIT COMPOSITE INDEX - October
31, 2003 COMPANY REIT TYPE PROPERTY TYPE ADDED Regency Centers
Equity Retail Correctional Properties Trust Equity Specialty
DELETED Host Marriott Equity Specialty/Hotels Prime Group Realty
Trust Equity Industrial/Office 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. Standard & Poor's
is a leading provider of highly valued financial data, analytical
research and investment and credit opinions to the global capital
markets. Among the company's many products are the S&P Global
1200, the first real-time, global equity index, the S&P 500,
the premier U.S. portfolio index, and credit ratings on more than
220,000 securities and funds. With 5,000 employees located in 19
countries, Standard & Poor's is an integral part of the world's
financial architecture. Additional information is available at
http://www.standardandpoors.com/. Founded in 1888, The McGraw-Hill
Companies is a global information services provider meeting
worldwide needs in the financial services, education and business
information markets through leading brands such as Standard &
Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has
more than 320 offices in 34 countries. Sales in 2002 were $4.8
billion. Additional information is available at
http://www.mcgraw-hill.com/. DATASOURCE: Standard & Poor's
CONTACT: David Blitzer Managing Director, Quantitative Services
(212) 438-3907 Web site: http://www.standardandpoors.com/
http://www.mcgraw-hill.com/
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