Standard & Poor's Announces Changes to U.S. Indices
26 Juin 2007 - 1:03AM
PR Newswire (US)
NEW YORK, June 25 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 100, S&P 500, S&P
MidCap 400 and S&P REIT Composite indices: -- The Bank of New
York Mellon Corp. (NYSE:BK) (new) will replace Computer Sciences
Corp. (NYSE:CSC) in the S&P 100 and The Bank of New York
Company Inc. (NYSE:BK) (old) in the S&P 500, and S&P REIT
Composite constituent General Growth Properties Inc. (NYSE:GGP)
will replace Mellon Financial Corp. (NYSE:MEL) in the S&P 500
after the close of trading on Friday, June 29. The Bank of New York
Company and Mellon Financial are merging to create The Bank of New
York Mellon Corp. in a deal expected to close before the open of
trading on July 2. -- First Community Bancorp (NASDAQ:FCBP) will
replace Investors Financial Services Corp. (NASDAQ:IFIN) in the
S&P MidCap 400 after the close of trading on a date to be
announced. Investors Financial is being acquired by S&P 500
constituent State Street Corp. (NYSE:STT) in a deal that is still
pending final approvals. -- Supertel Hospitality Inc. (NASDAQ:SPPR)
will replace Winston Hotels Inc. (NYSE:WXH) in the S&P REIT
Composite after the close of trading on Friday, June 29. Winston
Hotels is being acquired by Inland American Real Estate Trust Inc.
in a deal expected to close on or about that date. -- Republic
Property Trust (NYSE:RPB) will replace Innkeepers USA Trust
(NYSE:KPA) in the S&P REIT Composite after the close of trading
on Friday, June 29. Innkeepers is being acquired by Apollo
Investment Corp. in a deal expected to close on or about that date.
Standard & Poor's will monitor these transactions, and post any
relevant updates on its website: http://www.standardandpoors.com/.
The Bank of New York Mellon Corp provides asset management and
securities services. Headquartered in New York, NY, the company
will be added to the S&P 500 GICS (Global Industry
Classification Standard) Asset Management & Custody Banks
Sub-Industry index. General Growth Properties is a REIT that
operates, develops, and manages retail and other rental properties
and develops and sells land for residential and commercial uses.
Headquartered in Chicago, IL, the company will be added to the
S&P 500 GICS Retail REITs Sub-Industry index. First Community
Bancorp provides banking services in the United States.
Headquartered in San Diego, CA, the company will be added to the
S&P MidCap 400 GICS Regional Banks Sub-Industry index. Supertel
Hospitality is a REIT that engages in the ownership and acquisition
of limited-service hotels in the United States. Headquartered in
Norfolk, NE, the company will be added to the S&P REIT
Composite GICS Specialized REITs sub-industry. Republic Property is
a REIT owns, operates, acquires, and develops office properties in
the Washington, D.C. metropolitan, and Greater Washington, D.C.,
market. Headquartered in Herndon, VA, the company will be added to
the S&P REIT Composite GICS Office REITs sub-industry.
Following is a summary of the changes: S&P 100 INDEX - June 29,
2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED The Bank
of New York Financials Asset Management & Mellon Corp. Custody
Banks DELETED Computer Sciences Information Data Processing &
Technology Outsourced Services S&P 500 INDEX - June 29, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED The Bank of
New York Financials Asset Management & Mellon Corp. Custody
Banks General Growth Financials Retail REITs Properties DELETED The
Bank of New Financials Asset Management & York Company Custody
Banks Mellon Financial Financials Asset Management & Custody
Banks S&P MIDCAP 400 INDEX - To Be Announced COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED First Community Financials
Regional Banks Bancorp DELETED Investors Financials Asset
Management & Financial Services Custody Banks S&P REIT
COMPOSITE - June 29, 2007 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Supertel Hospitality Financials Specialized
REITs Republic Property Financials Office REITs Trust DELETED
Winston Hotels Financials Specialized REITs Innkeepers USA
Financials Specialized REITs Trust 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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