NEW YORK, July 16 /PRNewswire/ -- Warnaco Group Inc. will replace Westwood One Inc. in the S&P MidCap 400 after the close of trading on Tuesday, July 17. Warnaco was originally announced as a replacement for Lear Corp. , which terminated its deal with American Real Estate Partners L.P. today, and will remain in the S&P MidCap 400. At today's close of trading, Westwood One had a market capitalization of approximately $517 million, ranking 400th in the S&P MidCap 400.
Warnaco designs, manufactures, and distributes a range of intimate apparel, sportswear, and swimwear. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Apparel, Accessories & Luxury Goods Sub-Industry index.
Following is a summary of the change: S&P MIDCAP 400 INDEX - July 17, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Warnaco Consumer Discretionary Apparel, Accessories & Luxury Goods DELETED Westwood One Consumer Discretionary Broadcasting & Cable TV
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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