NEW YORK, Jan. 2 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices:
* S&P MidCap 400 constituent ENSCO International Inc. will
replace BellSouth Corp. in the S&P 500, S&P SmallCap 600
constituent Cimarex Energy Co. will replace ENSCO
International in the S&P MidCap 400, and Hornbeck Offshore Services
Inc. will replace Cimarex Energy in the S&P SmallCap 600
after the close of trading on Wednesday, January 3. BellSouth was
acquired by S&P 500 and S&P 100 constituent AT&T Inc. in a
deal that was completed after the close of trading on Friday,
December 29. In tomorrow's closing index calculation, BellSouth's
price will be the price of AT&T multiplied by 1.325.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
ENSCO provides offshore contract drilling services to the oil and gas industry. Headquartered in Dallas, TX, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Oil & Gas Drilling Sub- Industry index.
Cimarex operates as an oil and gas exploration and production company. Headquartered in Denver, CO, the company will be added to the S&P MidCap 400 GICS Oil & Gas Exploration & Production Sub-Industry index.
Hornbeck provides offshore supply vessels to the oil and gas industry. Headquartered in Covington, LA, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Equipment & Services Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX - January 3, 2007
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR
ADDED ENSCO Energy Oil & Gas
International Drilling
DELETED BellSouth Telecommunication Integrated
Services Telecommunication
Services
S&P MIDCAP 400 INDEX - January 3, 2007
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR
ADDED Cimarex Energy Energy Oil & Gas
Exploration &
Production
DELETED ENSCO Energy Oil & Gas
International Drilling
S&P SMALLCAP 600 INDEX - January 3, 2007
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR
ADDED Hornbeck Energy Oil & Gas
Offshore Equipment &
Services
DELETED Cimarex Energy Energy Oil & Gas
Exploration &
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 financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly owned affiliates, located in 21 countries, 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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