NEW YORK, Jan. 29 /PRNewswire/ -- S&P MidCap 400 constituent Urban Outfitters Inc. will replace Affiliated Computer Services Inc. in the S&P 500 index, and Intrepid Potash Inc. will replace Urban Outfitters in the S&P MidCap 400 index on a date to be announced. Affiliated Computer Services is being acquired by S&P 100 & 500 constituent Xerox Corp. in a deal expected to be completed soon, pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
Urban Outfitters operates retail specialty stores. Headquartered in Philadelphia, PA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Apparel Retail Sub-Industry index.
Intrepid Potash engages in the production and marketing of potassium chloride and langbeinite. Headquartered in Denver, CO, the company will be added to the S&P MidCap 400 GICS Fertilizers & Agricultural Chemicals Sub-Industry index.
Following is a summary of the changes: S&P 500 INDEX - TBA ---------------------- GICS ECONOMIC COMPANY SECTOR GICS SUB-INDUSTRY ------- ------------- ----------------- Urban Consumer ADDED Outfitters Discretionary Apparel Retail ----- ----------- ------------- -------------- Data Affiliated Processing & Computer Information Outsourced DELETED Services Technology Services ------- ----------- ----------- -------------- S&P MIDCAP 400 INDEX - TBA ----------------------------- GICS ECONOMIC COMPANY SECTOR GICS SUB-INDUSTRY ------- ------------- ----------------- Fertilizers & Intrepid Agricultural ADDED Potash Materials Chemicals ----- --------- --------- -------------- Urban Consumer DELETED Outfitters Discretionary Apparel Retail ------- ---------- ------------- --------------
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