NEW YORK, Aug. 28 /PRNewswire/ -- S&P will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices:
-- S&P MidCap 400 constituent Airgas Inc. will replace Cooper Industries Ltd. in the S&P 500, S&P SmallCap 600 constituent Kirby Corp. will replace Airgas in the S&P MidCap 400, and Exponent Inc. will replace Kirby in the S&P SmallCap 600 after the close of trading on Tuesday, September 8. Cooper Industries is in the process of redomesticating to Ireland, rendering it ineligible for continued inclusion in the S&P 500. -- Encore Wire Corp. will replace Axsys Technologies Inc. in the S&P SmallCap 600 after the close of trading on a date to be announced. S&P 100 & 500 constituent General Dynamics Inc. is acquiring Axsys in a transaction expected to close soon pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Airgas Inc. is a distributor of industrial, medical and specialty gases and related equipment. Headquartered in Radnor, PA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Industrial Gases Sub-Industry index.
Kirby Corp. is a marine transportation and diesel engine services company. Headquartered in Houston, TX, the company will be added to the S&P MidCap 400 GICS Marine Sub-Industry index.
Exponent Inc. is a science and engineering consulting firm. Headquartered in Menlo Park, CA, the company will be added to the S&P SmallCap 600 GICS Research & Consulting Services Sub-Industry index.
Encore Wire manufactures copper electrical building wire and cable. Headquartered in McKinney, TX, the company will be added to the S&P SmallCap 600 GICS Electrical Components & Equipment Sub-Industry index.
Following is a summary of the changes: S&P 500 INDEX - September 8, 2009 -------------------------------------------------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY -------------------------------------------------------------------------- ADDED Airgas Materials Industrial Gases -------------------------------------------------------------------------- DELETED Cooper Industrials Electrical Components & Industries Equipment -------------------------------------------------------------------------- S&P MIDCAP 400 INDEX - September 8, 2009 -------------------------------------------------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY -------------------------------------------------------------------------- ADDED Kirby Industrials Marine -------------------------------------------------------------------------- DELETED Airgas Materials Industrial Gases -------------------------------------------------------------------------- S&P SMALLCAP 600 INDEX - September 8, 2009 -------------------------------------------------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY -------------------------------------------------------------------------- ADDED Exponent Industrials Research & Consulting Services -------------------------------------------------------------------------- DELETED Kirby Industrials Marine -------------------------------------------------------------------------- S&P SMALLCAP 600 INDEX - TBA -------------------------------------------------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY -------------------------------------------------------------------------- ADDED Encore Wire Industrials Electrical Components & Equipment -------------------------------------------------------------------------- DELETED Axsys Industrials Aerospace & Defense Technologies -------------------------------------------------------------------------- About Standard & Poor's Index Services
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