NEW YORK, July 17 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices on dates to be announced:
-- S&P SmallCap 600 constituent Patriot Coal Corp. will replace CBRL Group Inc. in the S&P MidCap 400, and CBRL will replace Patriot Coal in the S&P SmallCap 600. Patriot Coal is in the process of acquiring privately-held Magnum Coal Co. for stock in a transaction that will substantially increase its market capitalization. CBRL's profitability and market value make it an appropriate addition to the S&P SmallCap 600.
-- Eclipsys Corp. will replace W-H Energy Services Inc. in the S&P SmallCap 600. W-H Energy is being acquired by S&P 500 constituent Smith International Inc. 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/.
Patriot Coal produces and sells coal. Headquartered in St. Louis, MO, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Coal & Consumable Fuels Sub-Industry index.
CBRL operates Cracker Barrel Old Country Store restaurants and gift shops located in 41 states. Headquartered in Lebanon, TN, the company will be added to the S&P SmallCap 600 GICS Restaurants Sub-Industry index.
Eclipsys provides advanced clinical, financial and management information software and service solutions to health care facilities. Headquartered in Atlanta, GA, the company will be added to the S&P SmallCap 600 GICS Health Care Technology Sub-Industry index.
Following is a summary of the changes: S&P MIDCAP 400 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Patriot Coal Energy Coal & Consumable Fuels DELETED CBRL Group Consumer Discretionary Restaurants S&P SMALLCAP 600 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED CBRL Group Consumer Discretionary Restaurants Eclipsys Health Care Health Care Technology DELETED Patriot Coal Energy Coal & Consumable Fuels W-H Energy Energy Oil & Gas Equipment & Services Services
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 Index Services
Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.5 trillion invested and $4.85 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit http://www.standardandpoors.com/indices.
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/.
