NEW YORK, Dec. 12 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600:
-- S&P REIT Composite constituent Federal Realty Investment Trust will replace Lyondell Chemical Co. in the S&P MidCap 400 after the close of trading on Thursday, December 20. Lyondell Chemical is being acquired by Basell AF in a deal expected to close on or about that date, pending final approvals. -- UMB Financial Corp. (NASD: UMBF) will replace EDO Corp. in the S&P SmallCap 600 on a date to be announced. EDO is being acquired by S&P 500 constituent ITT Corp. in a deal that is still pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Federal Realty Investment Trust is a REIT which specializes in the ownership, management and redevelopment of community and neighborhood shopping centers. Headquartered in Rockville, MD, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Retail REITs Sub- Industry index.
UMB Financial offers a range of banking and financial services in the U.S. Headquartered in Kansas, MO, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes: S&P MIDCAP 400 INDEX - December 20, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Federal Realty Financials Retail REITs DELETED Lyondell Chemical Materials Commodity Chemicals S&P SMALLCAP 600 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED UMB Financial Financials Regional Banks DELETED EDO Industrials Aerospace & Defense
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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