NEW YORK, June 22 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500 and S&P SmallCap 600 indices:
-- CONSOL Energy Inc. will replace Knight-Ridder Inc.
in the S&P 500 after the close of trading on a date to be
announced. Knight-Ridder is being acquired by McClatchy Co.
in a deal that is still pending final approvals.
-- RC2 Corp. (NASD: RCRC) will replace Remington Oil & Gas Corp.
in the S&P SmallCap 600 after the close of trading on
Thursday, June 29. Remington Oil & Gas is being acquired by S&P
SmallCap 600 constituent Helix Energy Solutions Group Inc. (NASD: HELX)
in a deal expected to close on or about that date, pending final
approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/ .
CONSOL Energy produces high-bituminous coal and coalbed methane gas. Headquartered in Pittsburgh, PA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Coal & Consumable Fuels Sub-Industry index.
RC2 produces and markets collectibles and toys sold at more than 25,000 retail outlets. Headquartered in Oak Brook, IL, the company will be added to the S&P SmallCap 600 GICS Leisure Products Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED CONSOL Energy Energy Coal & Consumable Fuels
DELETED Knight-Ridder Consumer Discretionary Publishing
S&P SMALLCAP 600 INDEX - June 29, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED RC2 Consumer Discretionary Leisure Products
DELETED Remington Energy Oil & Gas Exploration &
Oil & Gas Production
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 , is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 6,300 employees located in 21 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/ .
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