NEW YORK, Dec. 11 /PRNewswire/ -- S&P will make the following changes to the S&P 500, S&P MidCap 400 and SmallCap 600 Indices after the close of trading on Friday, December 18:
-- Mead Johnson Nutrition Co. will replace MBIA Corp. in the S&P 500. S&P 100 & 500 constituent Bristol-Myers Squibb is splitting off its approximately 83% holdings in Mead Johnson Nutrition in an exchange offer expected to be completed on or about that date, pending final approvals. MBIA currently ranks 500th in the index and is no longer representative of the S&P 500 index market cap space. -- Visa Inc. will replace Ciena Corp. (NASD:CIEN) in the S&P 500, Ciena will replace Blyth Inc. in the S&P MidCap 400, and Blyth will replace C&D Technologies Inc. in the S&P SmallCap 600. C&D currently ranks 600th in the S&P SmallCap 600 index and is no longer representative of the S&P SmallCap 600 index market cap space. -- Three S&P 500 constituents will switch places with three S&P MidCap 400 constituents, and three S&P MidCap 400 constituents will switch places with three S&P SmallCap 600 constituents. These transfers will make each index more representative of its market capitalization range; the companies moving to the S&P 500 all have market caps above $5 billion, the companies moving to the S&P MidCap 400 all have market caps between $1 billion and $3 billion, and the companies moving to the S&P SmallCap 600 all have market caps below $500 million. The transfers will be as follows:
S&P MidCap 400 constituents Ross Stores Inc. (NASD:ROST), Cliffs Natural Resources Inc. and SAIC Inc. will replace Dynegy Inc. , KB Home Inc. and Convergys Corp. in the S&P 500, and, likewise, Dynegy, KB Home and Convergys will replace Ross Stores, Cliffs Natural Resources and SAIC in the S&P MidCap 400 index.
S&P SmallCap 600 constituents Senior Housing Properties Trust , Green Mountain Coffee Roasters Inc. (NASD:GMCR) and Atwood Oceanics Inc. will replace Dycom Industries Inc., Kelly Services Inc. (NASD:KELYA) and Callaway Golf Co. in the S&P MidCap 400, and likewise, Dycom, Kelly Services and Callaway Golf will replace Senior Housing Properties, Green Mountain Coffee Roasters and Atwood Oceanics in the S&P SmallCap 600 index.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Mead Johnson Nutrition is a pediatric nutrition company. Headquartered in Glenview, IL, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Personal Products Sub-Industry index.
Visa is a global payments technology company. Headquartered in San Francisco, CA, the company will be added to the S&P 500 GICS Data Processing & Outsourced Services Sub-Industry index.
Ciena Corporation is a provider of communications networking equipment, software and services. Headquartered in Linthicum, MD, the company will be added to the S&P MidCap 400 GICS Communications Equipment Sub-Industry index.
Blyth is a designer and marketer of home fragrance and home decor products. Headquartered in Greenwich, CT, the company will be added to the S&P SmallCap 600 Housewares & Specialties Sub-Industry index.
Ross Stores operates off-price retail apparel and home accessories stores. Headquartered in Pleasanton, CA, the company will be added to the S&P 500 GICS Apparel Retail Sub-Industry index.
Cliffs Natural Resources is a mining and natural resources company. Headquartered in Cleveland, OH, the company will be added to the S&P 500 GICS Steel Sub-Industry index.
SAIC is a provider of scientific, engineering, systems integration and technical services and solutions. Headquartered in McLean, VA, the company will be added to the S&P 500 GICS IT Consulting & Other Services Sub-Industry index.
Dynegy is engaged in the production and sale of electric energy. Headquartered in Houston, TX, the company will be added to the S&P MidCap 400 GICS Independent Power Producers & Energy Traders Sub-Industry index.
KB Home is a builder of single-family homes, townhomes and condominiums. Headquartered in Los Angeles, CA, the company will be added to the S&P MidCap 400 GICS Homebuilding Sub-Industry index.
Convergys is engaged in relationship management. Headquartered in Cincinnati, OH, the company will be added to the S&P MidCap 400 GICS Data Processing & Outsourced Services Sub-Industry index.
Senior Housing Properties is a real estate investment trust. Headquartered in Newton, MA, the company will be added to the S&P MidCap 400 GICS Specialized REIT's Sub-Industry index.
Green Mountain Coffee Roasters is in the specialty coffee and coffee maker businesses. Headquartered in Waterbury, VT, the company will be added to the S&P MidCap 400 GICS Packaged Foods & Meats Sub-Industry index.
Atwood Oceanics is engaged in the international offshore drilling and completion of exploratory and developmental oil and gas wells and related support, management and consulting services. Headquartered in Houston, TX, the company will be added to the S&P MidCap 400 GICS Oil & Gas Drilling Sub-Industry index.
Dycom Industries is a provider of specialty contracting services. Headquartered in Palm Beach Gardens, FL, the company will be added to the S&P SmallCap 600 GICS Construction & Engineering Sub-Industry index.
Kelly Services is a global temporary staffing provider. Headquartered in Troy, MI, the company will be added to the S&P SmallCap 600 GICS Human Resource & Employment Services Sub-Industry index.
Callaway Golf designs, manufactures and sells golf clubs and golf balls.. Headquartered in Carlsbad, CA, the company will be added to the S&P SmallCap 600 GICS Leisure Products Sub-Industry index.
Following is a summary of the changes: S&P 500 INDEX - December 18, 2009 -------------------------------------------------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY -------------------------------------------------------------------------- ADDED Mead Consumer Staples Personal Products ----- Johnson Nutrition ---------------------------------------------------------------- Visa Information Technology Data Processing & Outsourced Services ---------------------------------------------------------------- Ross Consumer Discretionary Apparel Retail Stores ---------------------------------------------------------------- Cliffs Natural Resources Materials Steel ---------------------------------------------------------------- SAIC Information Technology IT Consulting & Other Services ---------------------------------------------------------------- DELETED MBIA Financials Property & Casualty ------- Insurance ---------------------------------------------------------------- Ciena Information Technology Communications Equipment ---------------------------------------------------------------- Dynegy Utilities Independent Power Producers & Energy Traders ---------------------------------------------------------------- KB Home Consumer Discretionary Homebuilding ---------------------------------------------------------------- Convergys Information Technology Data Processing & Outsourced Services ---------------------------------------------------------------- S&P MIDCAP 400 INDEX - December 18, 2009 -------------------------------------------------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY -------------------------------------------------------------------------- ADDED Ciena Information Technology Communications Equipment -------------------------------------------------------------------------- Dynegy Utilities Independent Power Producers & Energy Traders ---------------------------------------------------------------- KB Home Consumer Discretionary Homebuilding ---------------------------------------------------------------- Convergys Information Technology Data Processing & Outsourced Services ---------------------------------------------------------------- Senior Financials Specialized REIT's Housing Properties Trust ---------------------------------------------------------------- Green Consumer Staples Packaged Foods & Meats Mountain Coffee Roasters ---------------------------------------------------------------- Atwood Energy Oil & Gas Drilling Oceanics ---------------------------------------------------------------- DELETED Blyth Consumer Discretionary Housewares & Specialties -------------------------------------------------------------------------- Ross Consumer Discretionary Apparel Retail Stores ---------------------------------------------------------------- Cliffs Natural Resources Materials Steel ---------------------------------------------------------------- SAIC Information Technology IT Consulting & Other Services ---------------------------------------------------------------- Dycom Industrials Construction & Engineering Industries ---------------------------------------------------------------- Kelly Industrials Human Resource & Employment Services Services ---------------------------------------------------------------- Callaway Consumer Discretionary Leisure Products Golf ---------------------------------------------------------------- S&P SMALLCAP 600 INDEX - December 18, 2009 -------------------------------------------------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY -------------------------------------------------------------------------- ADDED Blyth Consumer Discretionary Housewares & Specialties -------------------------------------------------------------------------- Dycom Industrials Construction & Engineering Industries ---------------------------------------------------------------- Kelly Industrials Human Resource & Employment Services Services ---------------------------------------------------------------- Callaway Consumer Discretionary Leisure Products Golf ---------------------------------------------------------------- DELETED C&D Industrials Electrical Components & ------- Technologies Equipment ---------------------------------------------------------------- Senior Financials Specialized REIT's Housing Properties Trust ---------------------------------------------------------------- Green Consumer Staples Packaged Foods & Meats Mountain Coffee Roasters ---------------------------------------------------------------- Atwood Energy Oil & Gas Drilling Oceanics ----------------------------------------------------------------
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