NEW YORK, Oct. 2 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600:
* CKE Restaurants Inc. will replace Ryan's Restaurant Group
Inc. (NASD: RYAN) after the close of trading on Thursday, October 5.
Ryan's is being acquired by Buffetts Inc. in a deal expected to close on
or about that date, pending final approvals.
* Bright Horizons Family Solutions Inc. (NASD: BFAM) will replace FileNet
Corp. (NASD: FILE) after the close of trading on a date to be announced.
FileNet is being acquired by S&P 100 and S&P 500 constituent
International Business Machines Corp. in a deal that is
still pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
CKE Restaurants owns, operates, and franchises quick-service restaurants, primarily under the brands Carl's Jr., Hardee's, and La Salsa Fresh Mexican Grill. Headquartered in Carpinteria, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Restaurants Sub- Industry index.
Bright Horizons provides workplace services for employers and families, including early care and education and strategic work/life consulting. Headquartered in Watertown, MA, the company will be added to the S&P SmallCap 600 GICS Education Services Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - October 5, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED CKE Restaurants Consumer Discretionary Restaurants
DELETED Ryan's Consumer Discretionary Restaurants
S&P SMALLCAP 600 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Bright Horizons Consumer Discretionary Education Services
DELETED FileNet Information Technology Application Software
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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