NEW YORK, Sept. 15 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 100, S&P 500 and S&P MidCap 400 indices:
-- Lehman Brothers Holdings Inc. will be removed from the S&P 100 and S&P 500 indices after the close of trading on Tuesday, September 16. The company has filed for Chapter 11 bankruptcy protection. Lehman's place in the S&P 100 will be taken by S&P 500 constituent Occidental Petroleum Corp. , Lehman's place in the S&P 500 will be taken by S&P MidCap 400 constituent Harris Corp. , and Harris Corp. will be replaced by Greif Inc. in the S&P MidCap 400, all after the close of trading on Friday, September 19.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Headquartered in Los Angeles, CA, Occidental Petroleum operates as a global oil and gas exploration and production company.
Harris offers communications equipment for voice, data and video applications for commercial and governmental customers. Headquartered in Melbourne, FL, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Communications Equipment Sub-Industry index.
Greif produces industrial packaging products, corrugated products and containerboard, and sells timber. Headquartered in Delaware, OH, the company will be added to the S&P MidCap 400 GICS Metal & Glass Containers Sub-Industry index.
Following is a summary of the changes: S&P 100 INDEX - September 16, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY DELETED Lehman Brothers Financials Investment Banking & Holdings Brokerage S&P 500 INDEX - September 16, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY DELETED Lehman Brothers Financials Investment Banking & Holdings Brokerage S&P 100 INDEX - September 19, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Occidental Energy Integrated Oil & Gas Petroleum S&P 500 INDEX - September 19, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Harris Information Technology Communications Equipment S&P MIDCAP 400 INDEX - September 19, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Greif Materials Metal & Glass Containers DELETED Harris Information Technology Communications Equipment
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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