CNB Colonial Bancgroup

NEW YORK, June 16 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Tuesday, June 23: -- Employers Holdings Inc. (NYSE:EIG) will replace Catapult Communications (NASDAQ:CATT) in the S&P SmallCap 600. Catapult is being acquired by Ixia (NASDAQ:XXIA) in a cash tender offer expected to expire soon. -- S&P SmallCap 600 constituent WMS Industries Inc. (NYSE:WMS) will replace The Colonial BancGroup Inc. (NYSE:CNB) in the S&P MidCap 400, and Badger Meter Inc. (NYSE:BMI) will replace WMS Industries in the S&P SmallCap 600. As of today's close of trading, Colonial BancGroup had a market capitalization of approximately $206 million whereas the minimum market cap needed to be admitted to the index is currently $750 million. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. Employers Holdings is a provider of workers' compensation insurance. Headquartered in Reno, NV, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Property & Casualty Insurance Sub-Industry index. WMS Industries is a provider of gaming products to the legalized gaming industry. Headquartered in Waukegan, IL, the company will be added to the S&P MidCap 400 GICS Casinos & Gaming Sub-Industry index. Badger Meter is a manufacturer and marketer of products incorporating liquid flow measurement and control technologies. Headquartered in Milwaukee, WI, the company will be added to the S&P SmallCap 600 GICS Industrial Machinery Services Sub-Industry index. S&P SMALLCAP 600 INDEX - June 23, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Employers Holdings Financials Property & Casualty Insurance Badger Meter Industrials Industrial Machinery DELETED Catapult Information Application Software Communications Technology WMS Industries Consumer Casinos & Gaming Discretionary Following is a summary of the changes: S&P MIDCAP 400 INDEX - June 23, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED WMS Industries Consumer Discretionary Casinos & Gaming DELETED Colonial BancGroup Financials Regional Banks 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 $1.5 trillion invested and $4.85 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 subsidiary of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries and markets, 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/. 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/

Copyright