NEW YORK, Aug. 25 /PRNewswire/ -- Charming Shoppes Inc. will replace GTECH Holdings Corp. in the S&P MidCap 400 index after the close of trading on Monday, August 28. GTECH is being acquired by S&P/MIB index constituent Lottomatica SpA in a deal expected to close on or about that date, pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
Charming Shoppes is a women's specialty apparel retailer. Headquartered in Bensalem, PA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Apparel Retail Sub-Industry index.
Following is a summary of the change:
S&P MIDCAP 400 INDEX - August 28, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Charming Shoppes Consumer Discretionary Apparel Retail
DELETED GTECH Holdings Consumer Discretionary Casinos & Gaming
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.
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