Standard & Poor's Announces Changes to U.S. Indices
03 Avril 2007 - 1:02AM
PR Newswire (US)
NEW YORK, April 2 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 500 and S&P SmallCap 600
indices: -- Assurant Inc. (NYSE:AIZ) will replace Realogy
Corporation (NYSE:H) in the S&P 500 after the close of trading
on Monday, April 9. Realogy is being acquired by an affiliate of
Apollo Management L.P. in a deal expected to close on or about that
date, pending final approvals. -- Frontier Financial Corp.
(NASDAQ:FTBK) will replace Altiris Inc. (NASDAQ:ATRS) in the
S&P SmallCap 600 after the close of trading on a date to be
announced. Altiris is being acquired by S&P 500 constituent
Symantec Corp. (NASDAQ:SYMC) in a deal that is still pending final
approvals. Standard & Poor's will monitor these transactions,
and post any relevant updates on its website:
http://www.standardandpoors.com/. Assurant provides specialized
insurance products and related services. Headquartered in New York,
NY, the company will be added to the S&P 500 GICS (Global
Industry Classification Standard) Multi-line Insurance Sub-Industry
index. Frontier Financial provides various commercial banking
services in the state of Washington. Headquartered in Everett, WA,
the company will be added to the S&P SmallCap 600 GICS Regional
Banks Sub-Industry index. Following is a summary of the changes:
S&P 500 INDEX - April 9, 2007 COMPANY GICS ECONOMIC GICS
SUB-INDUSTRY SECTOR ADDED Assurant Financials Multi-line Insurance
DELETED Realogy Financials Real Estate Management & Development
S&P SMALLCAP 600 INDEX - To Be Announced GICS ECONOMIC GICS
COMPANY SECTOR SUB-INDUSTRY ADDED Frontier Financial Financials
Regional Banks DELETED Altiris Information Technology Application
Software 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/
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