Standard & Poor's Announces Changes to U.S. Indices
19 3월 2009 - 6:58AM
PR Newswire (US)
NEW YORK, March 18 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 500, S&P MidCap 400 and
S&P SmallCap 600 indices: -- Time Warner Cable Inc.
(NYSE:TWCwi) will replace Developers Diversified Realty Corp.
(NYSE:DDR) in the S&P 500 after the market closes on Friday,
March 27. S&P 100 & 500 constituent Time Warner Inc.
(NYSE:TWX) is spinning off its remaining interest in Time Warner
Cable to its shareholders in a transaction expected to be completed
on or about that date. As of today's close of trading, Developers
Diversified Realty had a market capitalization below $325 million,
ranking it 500th in the index. -- S&P MidCap 400 constituent
O'Reilly Automotive Inc. (NASDAQ:ORLY) will replace Noble Corp.
(NYSE:NE) in the S&P 500, S&P SmallCap 600 constituent
Itron Inc. (NASDAQ:ITRI) will replace O'Reilly Automotive in the
S&P MidCap 400, and NBT Bancorp Inc. (NASDAQ:NBTB) will replace
Itron in the S&P SmallCap 600, all after the close of trading
on a date to be announced. Noble is in the process of
redomesticating to Switzerland, which will render it ineligible for
continued inclusion in the S&P 500 index. Standard & Poor's
will monitor these transactions, and post any relevant updates on
its website: http://www.standardandpoors.com/. Time Warner Cable is
a cable operator. Headquartered in New York, NY, the company will
be added to the S&P 500 GICS (Global Industry Classification
Standard) Cable & Satellite Sub-Industry index. O'Reilly
Automotive is a specialty retailer of automotive aftermarket parts,
tools, supplies, equipment and accessories. Headquartered in
Springfield, MO, the company will be added to the S&P 500 GICS
Automotive Retail Sub-Industry index. Itron provides products and
services to utilities for the energy and water markets.
Headquartered in Liberty Lake, WA, the company will be added to the
S&P MidCap 400 GICS Electronic Equipment & Instruments
Sub-Industry index. NBT Bancorp is a financial services company.
Headquartered in Norwich, NY, 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 - March
27, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Time
Warner Consumer Discretionary Cable & Cable Satellite DELETED
Developers Financials Retail REITs Diversified Realty S&P 500
INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED
O'Reilly Consumer Discretionary Automotive Retail Automotive
DELETED Noble Energy Oil & Gas Drilling S&P MIDCAP 400
INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED
Itron Information Technology Electronic Equipment & Instruments
DELETED O'Reilly Consumer Discretionary Automotive Retail
Automotive S&P SMALLCAP 600 INDEX - TBA COMPANY GICS ECONOMIC
SECTOR GICS SUB-INDUSTRY ADDED NBT Bancorp Financials Regional
Banks DELETED Itron Information Technology Electronic Equipment
& Instruments 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/
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