NEW YORK, Dec. 4 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Thursday, December 6:
S&P SmallCap 600 constituent Kansas City Southern will be added to the S&P MidCap 400, and S&P REIT Composite constituent BioMed Realty Trust Inc. will replace Kansas City Southern in the S&P SmallCap 600 after the close of trading on Thursday, December 6. Kansas City Southern will take the place of CheckFree Corp., which was removed from the S&P MidCap 400 after today's close of trading pursuant to its completed acquisition by S&P 500 constituent Fiserv Inc. (NASD: FISV).
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Kansas City Southern provides domestic and international rail transportation services in the United States and Mexico. Headquartered in Kansas City, MO, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Railroads Sub-Industry index.
BioMed Realty Trust is a REIT specializing in laboratory and office space for lease to life science tenants. Headquartered in San Diego, CA, the company will be added to the S&P SmallCap 600 GICS Office REITs Sub-Industry index.
Following is a summary of the changes: S&P MIDCAP 400 INDEX - December 6, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Kansas City Southern Industrials Railroads S&P SMALLCAP 600 INDEX - December 6, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED BioMed Realty Trust Financials Office REITs DELETED Kansas City Southern Industrials Railroads
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
Standard & Poor's, a division of The McGraw-Hill Companies , is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more
confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com/.
About The McGraw-Hill Companies:
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at http://www.mcgraw-hill.com/.
