NEW YORK, Oct. 8 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500 and S&P MidCap 400 indices:
-- S&P MidCap 400 constituent Expeditors International of Washington Inc. (NASD: EXPD) will replace TXU Corp. in the S&P 500 and Terra Industries Inc. will replace Expeditors International in the S&P MidCap 400 after the close of trading on Tuesday, October 9. TXU Corp. is being acquired by a group of investors led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group in a deal expected to close on or about that date, pending final approvals. -- Guess? Inc. will replace CDW Corp. (NASD: CDWC) in the S&P MidCap 400 after the close of trading on a date to be announced. CDW Corp. is being acquired by Madison Dearborn Partners, LLC in a deal still pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Expeditors International provides logistics services worldwide. Headquartered in Seattle, WA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Air Freight & Logisitics Sub- Industry index.
Terra Industries engages in the production and marketing of nitrogen and methanol products for agricultural and industrial markets. Headquartered in Sioux City, IA, the company will be added to the S&P MidCap 400 GICS Fertilizers & Agricultural Chemicals Sub-Industry index.
Guess? engages in the design, marketing, distribution, and licensing of lifestyle collections of apparel and accessories for men, women, and children. Headquartered in Los Angeles, CA, the company will be added to the S&P MidCap 400 GICS Apparel Retail Sub-Industry index.
Following is a summary of the changes: S&P 500 INDEX - October 9, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Expeditors Industrials Air Freight & Logistics International DELETED TXU Utilities Independent Power Producers & Energy Traders S&P MIDCAP 400 INDEX - October 9, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Terra Materials Fertilizers & Industries Agricultural Chemicals DELETED Expeditors Industrials Air Freight & Logistics International S&P MIDCAP 400 INDEX - To Be Announced COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Guess? Consumer Discretionary Apparel Retail DELETED CDW Corp. Information Technology Technology Distributors
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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