NEW YORK, Oct. 18 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 100 and 500 indices:
-- NYSE Euronext, Inc. will replace Limited Brands Inc. in the S&P 100 and Hilton Hotels Corp. Inc. in the S&P 500 after the close of trading on Wednesday, October 24. Hilton is being acquired by The Blackstone Group in a deal expected to close on or about that date, pending final approvals. Limited Brands will remain in the S&P 500. At today's close of trading, Limited Brands had a market capitalization of approximately $7.9 billion, ranking 100th in the S&P 100. -- Titanium Metals Corp. will replace Bausch & Lomb Inc. in the S&P 500 after the close of trading on a date to be announced. Bausch & Lomb is being acquired by Warburg Pincus 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/.
NYSE Euronext operates an exchange group and offers a diverse array of financial products and services. Headquartered in New York, NY, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialized Finance Sub-Industry index.
Titanium Metals produces titanium melted and mill products for commercial aerospace, military, industrial, and other applications. Headquartered in Dallas, TX, the company will be added to the S&P 500 GICS Diversified Metals & Mining Sub-Industry index.
Following is a summary of the changes: S&P 100 INDEX - October 24, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED NYSE Euronext Financials Specialized Finance DELETED Limited Brands Consumer Discretionary Apparel Retail S&P 500 INDEX - October 24, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED NYSE Euronext Financials Specialized Finance DELETED Hilton Hotels Consumer Discretionary Hotels, Resorts & Cruise Lines S&P 500 INDEX - To Be Announced COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Titanium Metals Materials Diversified Metals & Mining DELETED Bausch & Lomb Health Care Health Care Supplies
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
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