HCBK (MM)

NEW YORK, Oct. 27, 2015 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:

• S&P 500 constituent BlackRock Inc. (NYSE:BLK) will replace Hewlett-Packard Co. (NYSE:HPQ) in the S&P 100 after the close of trading on Friday, October 30. Hewlett Packard Enterprise Co. (NYSE:HPE) will be added to the S&P 500 after the close of trading on Friday, October 30, replacing Hudson City Bancorp Inc. (NASD:HCBK), which will be removed from the S&P 500 after the close of trading on Monday, November 2. Hewlett Packard Enterprise will be added to the S&P 500 on a zero price basis reflecting its spin-off from S&P 500 constituent Hewlett-Packard Co. Following the spin-off, the Hewlett-Packard stub, which will change its name to HP Inc., will remain in the S&P 500, but its post spin market capitalization will no longer make it appropriate for the S&P 100. Hudson City Bancorp is being acquired by S&P 500 constituent M&T Bank Corp. (NYSE:MTB) in a deal expected to be completed on or about November 1, pending final approvals.
• S&P SmallCap 600 constituent MarketAxess Holdings Inc. (NASD:MKTX) will replace City National Corp. (NYSE:CYN) in the S&P MidCap 400, and Ameris Bancorp (NASD:ABCB) will replace MarketAxess Holdings in the S&P SmallCap 600 after the close of trading on Friday, October 30. Royal Bank of Canada (NYSE:RY) is acquiring City National in a deal expected to be completed on or about that date pending final conditions.
• Exterran Corp. (NYSE:EXTN) will be added to the S&P SmallCap 600 after the close of trading on Tuesday, November 3, replacing ION Geophysical (NYSE:IO), which will be removed from the S&P SmallCap 600 after the close of trading on Wednesday, November 4. Exterran will be added to the S&P SmallCap 600 on a zero price basis reflecting its spin-off from S&P SmallCap 600 constituent Exterran Holdings Inc. (NYSE:EXH). Following the spin-off, the Exterran Holdings stub, which will change its name to Archrock Inc. (NYSE:AROC), will remain in the S&P SmallCap 600. ION Geophysical is ranked near the bottom of the S&P SmallCap 600 and is no longer appropriate for that index.

BlackRock, headquartered in New York, NY, is a publicly owned investment manager.

Hewlett Packard Enterprise provides technology solutions. Headquartered in Palo Alto, California, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Technology Hardware, Storage & Peripherals Sub-Industry index.

MarketAxess Holdings operates an electronic trading platform. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 Specialized Finance Sub-Industry index.

Ameris Bancorp provides banking services to retail and commercial customers. Headquartered in Moultrie, GA, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.

Exterran provides compression, production and processing products and services. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Equipment & Services Sub-Industry index.

Following is a summary of the changes:

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

For more information about S&P Dow Jones Indices, please visit www.spdji.com

About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500^® and the Dow Jones Industrial Average^®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

S&P DJI MEDIA CONTACTS:

David Blitzer
Managing Director and Chairman of Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com

David R. Guarino
Head of Communications
New York, USA
(+1) 212 438 1471
dave.guarino@spdji.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/blackrock-set-to-join-the-sp-100-hewlett-packard-enterprise-to-join-the-sp-500-others-to-join-sp-midcap-400--sp-smallcap-600-300167376.html

SOURCE S&P Dow Jones Indices