NEW YORK, Feb. 21 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600 and S&P REIT Composite indices:
* Monarch Casino & Resort Inc. (NASD: MCRI) will replace ADVO Inc.
in the S&P SmallCap 600 after the close of trading on a date
to be announced. ADVO Inc. is being acquired by S&P MidCap 400
constituent Valassis Communications Inc. in a deal that is
still pending final approvals.
* American Campus Communities Inc. will replace Trustreet
Properties, Inc. in the S&P REIT Composite after the close
of trading on Monday, February 26, 2007. Trustreet is being acquired by
General Electric Capital Corporation in a deal expected to close on or
about that date, pending final approvals.
* S&P 500 constituent Weyerhaeuser Co. is in the process of
combining its fine paper business with S&P/TSX 60 constituent Domtar
Inc. in an exchange offer scheduled to expire at midnight, New York
time, on March 2. The new Domtar will be considered a U.S. company for
S&P index purposes, but will not be added to the S&P Composite 1500 at
this time.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Monarch Casino & Resort engages in the ownership and operation of the Atlantis Casino Resort located in Reno, Nevada. Headquartered in Reno, NV, the company will be added to the S&P SmallCap 600 GICS Casino & Gaming Sub-Industry index.
American Campus Communities is a REIT that engages in the acquisition, development, and management of student housing properties in the United States. Headquartered in Austin, TX, the company will be added to the S&P REIT Composite GICS Residential REITs sub-industry.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - To Be Announced
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Monarch Casino & Resort Consumer Discretionary Casino & Gaming
DELETED ADVO Inc. Consumer Discretionary Publishing
S&P REIT COMPOSITE INDEX - February 26, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED American Campus Financials Residential REITs
Communities
DELETED Trustreet Properties Financials Specialized REITs
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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