HB Hillenbrand Ind

NEW YORK, March 20 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: -- Philip Morris International Inc. (NYSE:PMwi) will replace S&P 500 constituent Allegheny Technologies Inc. (NYSE:ATI) in the S&P 100, and will replace Circuit City Stores Inc. (NYSE:CC) in the S&P 500, after the close of trading on Friday, March 28. Philip Morris International is being spun off by S&P 100 and S&P 500 constituent Altria Group Inc. (NYSE:MO) in a transaction expected to be completed on or about that date. Allegheny Technologies will remain in the S&P 500. -- S&P U.S. REIT Composite constituent HCP Inc. (NYSE:HCP) will replace Commerce Bancorp Inc. (NYSE:CBH) in the S&P 500 after the close of trading on Monday, March 31. Commerce Bancorp is being acquired by S&P Global 1200 constituent The Toronto-Dominion Bank in a transaction expected to be completed on or about that date. -- Hill-Rom Holdings Inc. (NYSE:HRCwi) will replace Hillenbrand Industries (NYSE:HB) in the S&P MidCap 400, and Hillenbrand Inc. (NYSE:HIwi) will replace Caraustar Industries Inc. (NASD: CSAR) in the S&P SmallCap 600 after the close of trading on Monday, March 31. Hillenbrand is being spun off by Hillenbrand Industries in a transaction expected to close on or about that date. In connection with the spin-off, the Hillenbrand Industries stub will be renamed Hill-Rom Holdings Inc. As of today's close of trading, Caraustar Industries had an approximate market capitalization of $45 million, whereas the minimum market capitalization a company must maintain to be eligible for admission to the S&P SmallCap 600 is currently $300 million. -- FairPoint Communications Inc. (NYSE:FRP) will replace Coachmen Industries Inc. (NYSE:COA) in the S&P SmallCap 600 after the close of trading on Monday, March 31. FairPoint Communications is merging with certain spun off assets from S&P 500 constituent Verizon Communications Inc. (NYSE:VZ) in a deal expected to close on or about that date. At today's close of trading, Coachmen Industries had an approximate market value of $53 million, whereas the minimum market capitalization a company must maintain to be eligible for admission to the S&P SmallCap 600 is currently $300 million. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. Philip Morris International produces, sells, distributes and markets cigarettes and tobacco products. Headquartered in New York, NY, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Tobacco Sub-Industry index. HCP Inc. is a REIT focusing on properties serving the healthcare industry. Headquartered in Long Beach, CA the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialized REITs Sub-Industry index. Hill-Rom Holdings is a worldwide manufacturer and provider of medical technologies and related services for the health care industry. Headquartered in Batesville, IN, the company will be added to the S&P MidCap 400 GICS Health Care Equipment Sub-Industry index. Hillenbrand manufactures, distributes and sells funeral service products. Headquartered in Batesville, IN, the company will be added to the S&P SmallCap 600 GICS Specialized Consumer Services Sub-Industry index. FairPoint Communications is a provider of communications services to rural communities. Headquartered in Charlotte, NC, the company will be added to the S&P SmallCap 600 GICS Integrated Telecommunication Services Sub-Industry index. Following is a summary of the changes: S&P 100 INDEX - March 28, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Philip Morris Consumer Staples Tobacco International DELETED Allegheny Materials Steel Technologies S&P 500 INDEX - March 28, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Philip Morris Consumer Staples Tobacco International DELETED Circuit City Consumer Discretionary Computer & Stores Electronics Retail S&P 500 INDEX - March 31, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED HCP Financials Specialized REITs DELETED Commerce Bancorp Financials Regional Banks S&P MIDCAP 400 INDEX - March 31, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Hill-Rom Holdings Health Care Health Care Equipment DELETED Hillenbrand Health Care Health Care Equipment Industries S&P SMALLCAP 600 INDEX - March 31, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Hillenbrand Consumer Discretionary Specialized Consumer Services FairPoint Telecommunication Integrated Communications Services Telecommunication Services DELETED Caraustar Materials Paper Packaging Industries Coachmen Consumer Discretionary Automobile Industries Manufacturers 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 8,500 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 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 Standard & Poor's +1-212-438-3907 Web site: http://www.standardandpoors.com/ http://www.mcgraw-hill.com/

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