NEW YORK, June 1 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
-- S&P SmallCap 600 constituent Carpenter Technology Corp.
will replace OSI Restaurant Partners, Inc. in the S&P
MidCap 400, and Alabama National Bancorporation (NASD: ALAB) will
replace Carpenter Technology in the S&P SmallCap 600, after the close
of trading on a date to be announced. OSI Restaurant Partners is being
acquired by an investor group led by Bain Capital Partners, LLC,
Catterton Management Co., and OSI Restaurant founders in a deal still
pending final approvals.
-- Charlotte Russe Holding Inc. (NASD: CHIC) will replace Keane Inc.
in the S&P SmallCap 600 after the close of trading on
Monday, June 4. Keane is being acquired by Caritor, Inc. 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/.
Carpenter Technology engages in the manufacture, fabrication, and distribution of specialty metals and engineered products. Headquartered in Reading, PA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Steel Sub-Industry index.
Alabama National provides a range of banking and bank-related services to individual and corporate customers in Alabama, Georgia, and Florida. Headquartered in Birmingham, AL, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Charlotte Russe engages in the distribution and sale of apparel and accessories primarily for young women in the United States. Headquartered in San Diego, CA, the company will be added to the S&P SmallCap 600 GICS Apparel Retail Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX - To Be Announced
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Carpenter Technology Materials Steel
DELETED OSI Restaurant Partners Consumer Discretionary Restaurants
S&P SMALLCAP 600 INDEX - To Be Announced
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Alabama National Financials Regional Banks
DELETED Carpenter Technology Materials Steel
S&P SMALLCAP 600 INDEX - June 4, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Charlotte Russe Consumer Discretionary Apparel Retail
DELETED Keane Information Technology IT Consulting &
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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