Standard & Poor's Announces Change to U.S. Index
26 June 2008 - 9:10AM
PR Newswire (US)
NEW YORK, June 25 /PRNewswire-FirstCall/ -- Standard & Poor's
will make the following change to the S&P SmallCap 600 index
after the close of trading on Monday, June 30: -- First Financial
Bankshares Inc. (NASDAQ:FFIN) will replace SCPIE Holdings Inc.
(NYSE:SKP). SCPIE is being acquired by The Doctors Co. in a deal
expected to close on or about that date, pending final approvals.
Standard & Poor's will monitor this transaction, and post any
relevant updates on its website: http://www.standardandpoors.com/
First Financial Bankshares offers various commercial banking
services in Texas. Headquartered in Abilene, TX, the company will
be added to the S&P SmallCap 600 GICS (Global Industry
Classification Standard) Regional Banks Sub-Industry index.
Following is a summary of the change: S&P SMALLCAP 600 INDEX -
June 30, 2008 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR ADDED
First Financial Financials Regional Banks Bankshares DELETED SCPIE
Holdings Financials Property & Casualty Insurance 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 $1.32 trillion invested and $4.91
trillion benchmarked, and the S&P Global 1200, a composite
index comprised of seven regional and country headline indices. For
more information, please visit
http://www.standardandpoors.com/indices 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 8,500
employees, including wholly owned affiliates, located in 23
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: 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
2007 were $6.8 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 (212) 438-3907 Web site:
http://www.standardandpoors.com/
http://www.standardandpoors.com/indices http://www.mcgraw-hill.com/
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