NEW YORK, June 22 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
-- Tyco Electronics Ltd. will be removed from the S&P 500 after the close of trading on Thursday, June 25. Tyco is in the process of redomesticating to Switzerland, rendering it ineligible for continued inclusion in the S&P 500 index. -- Tyco Electronics' place in the S&P 500 will be taken by MetroPCS Communications Inc. effective after the close of trading on Monday, June 29. -- S&P SmallCap 600 constituent Fossil Inc. will replace YRC Worldwide Inc. in the S&P MidCap 400, and Align Technology Inc. will replace Fossil Inc. in the S&P SmallCap 600. As of today's close of trading, YRC Worldwide had a market capitalization of approximately $100 million, ranking it 400th in the index.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
MetroPCS Communications is a wireless communications service provider. Headquartered in Richardson, TX, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Wireless Telecommunication Services Sub-Industry index.
Fossil designs, markets and distributes consumer fashion accessories. Headquartered in Richardson, TX, the company will be added to the S&P MidCap 400 GICS Apparel, Accessories & Luxury Goods Sub-Industry index.
Align Technology is a medical device company. Headquartered in Santa Clara, CA, the company will be added to the S&P SmallCap 600 GICS Health Care Supplies Sub-Industry index.
Following is a summary of the changes: S&P 500 INDEX - June 25, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY DELETED Tyco Information Technology Electronic Manufacturing Electronics Services S&P 500 INDEX - June 29, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED MetroPCS Telecommunication Services Wireless Communications Telecommunication Services S&P MIDCAP 400 INDEX - June 29, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Fossil Inc. Consumer Discretionary Apparel, Accessories & Luxury Goods DELETED YRC Industrials Trucking Worldwide S&P SMALLCAP 600 INDEX - June 29, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Align Health Care Health Care Supplies Technology DELETED Fossil Inc. Consumer Discretionary Apparel, Accessories & Luxury Goods 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 subsidiary of The McGraw-Hill Companies , is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 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/.
Standard & Poor's
CONTACT: David M. Blitzer, Ph.D., Managing Director & Chairman of the
Index Committee, +1-212-438-3907
Web Site: http://www.standardandpoors.com/
