NEW YORK, Nov. 7 /PRNewswire/ -- Standard and Poor's will make the following changes to the S&P 500 index:
-- Unisys Corp. (NYSE Arca: UIS) will be removed effective after the close of trading on Monday, November 10. As of today's close, Unisys had a market capitalization of approximately $313 million, ranking it 500th in the index.
-- Unisys Corp.'s place in the S&P 500 will be taken by People's United Financial Inc. after the close of trading on Wednesday, November 12.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
People's United Financial is a diversified financial services company. Headquartered in Bridgeport, CT, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Thrifts & Mortgage Finance Sub- Industry index.
Following is a summary of the change: S&P 500 INDEX - November 10, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY DELETED Unisys Information Technology IT Consulting & Other Services S&P 500 INDEX - November 12, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED People's United Financials Thrifts & Mortgage Financial Finance
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 23 countries and markets, 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/.
