NEW YORK, Oct. 29 /PRNewswire/ -- S&P 500 constituent Freeport -McMoRan Copper & Gold Inc. will replace Schering-Plough Corp. in the S&P 100, S&P MidCap 400 constituent Priceline.com Inc. (NASD: PCLN) will replace Schering-Plough in the S&P 500, and MSCI Inc. will replace Priceline.com in the S&P MidCap 400, all after the close of trading on a date to be announced. Schering-Plough is merging with S&P 100 and 500 constituent Merck & Co. in a deal expected to be completed soon pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Freeport -McMoRan Copper & Gold is headquartered in Phoenix, AZ.
Priceline.com is a global online travel company. Headquartered in Norwalk, CT, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Internet Retail Sub-Industry index.
MSCI is a provider of investment decision support tools. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS Specialized Finance Sub-Industry index.
Following is a summary of the changes: S&P 100 INDEX - TBA -------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ------- -------------------- ----------------- ADDED Freeport McMoRan Materials Diversified Metals Copper & Gold & Mining DELETED Schering-Plough Health Care Pharmaceuticals S&P 500 INDEX - TBA ---------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ------- -------------------- ----------------- ADDED Priceline.com Consumer Internet Discretionary Retail DELETED Schering-Plough Health Care Pharmaceuticals S&P MIDCAP 400 INDEX - TBA ----------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ------- -------------------- ----------------- ADDED MSCI Financials Specialized Finance DELETED Priceline.com Consumer Internet Discretionary Retail 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. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index. 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 offices 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 nearly 150 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/
