NEW YORK, May 5, 2011 /PRNewswire/ -- S&P will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 Indices:
- Domtar Corp. (NYSE: UFS) will replace Alberto-Culver Corp. (NYSE: ACV) in the S&P MidCap 400 index after the close of trading on Tuesday, May 10. S&P Global 1200 constituent Unilever plc is acquiring Alberto-Culver in a deal expected to be completed on or about that date pending final approvals.
- FNB Corp. (NYSE: FNB) will replace Wilmington Trust Corp. (NYSE: WL) in the S&P SmallCap 600 index after the close of trading on Friday, May 13. S&P 500 constituent M&T Bank Corp. (NYSE: MTB) is acquiring Wilmington Trust in a deal expected to be completed on or about that date pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Domtar is an integrated manufacturer and marketer of uncoated freesheet paper. Headquartered in Montreal, Canada, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Paper Products Sub-Industry index.
F.N.B. provides various financial services to consumers and small to medium-sized businesses. Headquartered in Hermitage, PA, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX - May 10, 2011 | ||||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | ||
ADDED | Domtar | Materials | Paper Products | |
DELETED | Alberto-Culver | Consumer Staples | Personal Products | |
S&P SMALLCAP 600 INDEX - May 13, 2011 | ||||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | ||
ADDED | FNB | Financials | Regional Banks | |
DELETED | Wilmington Trust | Financials | Regional Banks | |
For more information about S&P Indices, please visit www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 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/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.
SOURCE Standard & Poor's
