Standard & Poor's Announces Changes to U.S. Indices
08 February 2007 - 10:21AM
PR Newswire (US)
NEW YORK, Feb. 7 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 500, S&P MidCap 400,
S&P SmallCap 600, and S&P REIT Composite indices: * S&P
MidCap 400 constituent Varian Medical Systems Inc. (NYSE:VAR) will
replace Equity Office Properties Trust (NYSE:EOP) in the S&P
500, S&P SmallCap 600 constituent Cerner Corp. (NASD: CERN)
will replace Varian in the S&P MidCap 400, PSS World Medical
Inc. (NASD: PSSI) will replace Cerner in the S&P SmallCap 600,
and Extra Space Storage Inc. (NYSE:EXR) will replace Equity Office
in the S&P REIT Composite after the close of trading on a date
to be announced. Equity Office is being acquired by The Blackstone
Group in a deal that is still pending final approvals. * Integrys
Energy Group, Inc. will replace Peoples Energy Corp. (NYSE:PGL) in
the S&P 500 and Netflix, Inc. (NASD: NFLX) will replace WPS
Resources Corp. (NYSE:WPS) in the S&P MidCap 400 after the
close of trading on a date to be announced. Peoples Energy is being
acquired by WPS Resources in a deal that is still pending final
approvals. Upon completion of the deal, WPS Resources will change
its name to Integrys Energy Group, Inc. and will trade on the New
York Stock Exchange under the symbol TEG. Standard & Poor's
will monitor these transactions, and post any relevant updates on
its website: http://www.standardandpoors.com/. Varian manufactures
and sells integrated cancer therapy systems. Headquartered in Palo
Alto, CA, the company will be added to the S&P 500 GICS (Global
Industry Classification Standard) Health Care Equipment
Sub-Industry index. Integrys will operate in the energy and energy
related businesses. Headquartered in Chicago, IL, the company will
be added to the S&P 500 GICS Multi-Utilities Sub-Industry
index. Cerner supplies healthcare information technology solutions.
Headquartered in North Kansas City, MO, the company will be added
to the S&P MidCap 400 GICS Health Care Technology Sub-Industry
index. Netflix operates as an online movie rental subscription
service provider. Headquartered in Los Gatos, CA, the company will
be added to the S&P MidCap 400 GICS Internet Retail
Sub-Industry index. PSS World Medical distributes medical products,
equipment, and pharmaceutical related products to alternate-site
healthcare providers. Headquartered in Jacksonville, FL, the
company will be added to the S&P SmallCap 600 GICS Health Care
Distributors Sub-Industry index. Extra Space Storage is a REIT that
engages in the ownership, operation, acquisition, development, and
redevelopment of self-storage facilities. Headquartered in Salt
Lake City, UT, the company will be added to the S&P REIT
Composite Specialized REITs sub-industry. Following is a summary of
the changes: S&P 500 INDEX - To Be Announced COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Varian Health Care Health
Care Equipment DELETED Equity Office Financials Office REITs
Properties S&P 500 INDEX - To Be Announced COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Integrys Energy Utilities
Multi-Utilities DELETED Peoples Energy Utilities Gas Utilities
S&P MIDCAP 400 INDEX - To Be Announced COMPANY GICS ECONOMIC
SECTOR GICS SUB-INDUSTRY ADDED Cerner Health Care Health Care
Technology DELETED Varian Health Care Health Care Equipment S&P
MIDCAP 400 INDEX - To Be Announced COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED Netflix Consumer Discretionary Internet
Retail DELETED WPS Resources Utilities Multi-Utilities S&P
SMALLCAP 600 INDEX - To Be Announced COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED PSS World Medical Health Care Health Care
Distributors DELETED Cerner Health Care Health Care Technology
S&P REIT COMPOSITE INDEX - To Be Announced COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Extra Space Storage
Financials Specialized REITs DELETED Equity Office Properties
Financials Office REITs 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
Standard & Poor's, a division of The McGraw-Hill Companies
(NYSE:MHP), is the world's foremost provider of financial market
intelligence, including independent credit ratings, indices, risk
evaluation, investment research and data. With approximately 7,500
employees, including wholly owned affiliates, located in 21
countries, 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/. About The McGraw-Hill Companies:
Founded in 1888, The McGraw-Hill Companies (NYSE:MHP) is a leading
global information services provider meeting worldwide needs in the
financial services, education and business information markets
through leading brands such as Standard & Poor's, McGraw-Hill
Education, BusinessWeek and J.D. Power and Associates. The
Corporation has more than 280 offices in 40 countries. Sales in
2006 were $6.3 billion. Additional information is available at
http://www.mcgraw-hill.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.mcgraw-hill.com/
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