NEW YORK, Aug. 22 /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 CF Industries Holdings Inc. will replace Electronic Data Systems Corp. in the S&P 500, and SAIC Inc. will replace CF Industries in the S&P MidCap 400 after the close of trading on a date to be announced. Electronic Data Systems is being acquired by S&P 100 and S&P 500 constituent Hewlett-Packard Co. in a transaction that is still pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
CF Industries manufactures and distributes nitrogen and phosphate fertilizer products. Headquartered in Deerfield, IL, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Fertilizers & Agricultural Chemicals Sub-Industry index.
SAIC provides scientific, engineering, systems integration and technical services. Headquartered in San Diego, CA, the company will be added to the S&P MidCap 400 GICS IT Consulting & Other Services Sub-Industry index.
Following is a summary of the changes: S&P 500 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED CF Industries Materials Fertilizers & Agricultural Chemicals DELETED Electronic Data Information Technology Data Processing & Systems Outsourced Services S&P MIDCAP 400 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED SAIC Information Technology IT Consulting & Other Services DELETED CF Industries Materials Fertilizers & Agricultural Chemicals
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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