NEW YORK, June 27, 2011 /PRNewswire/ -- S&P will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
- Accenture plc (NYSE: ACN) will replace Marshall & Ilsley Corp. (NYSE: MI) in the S&P 500 index after the close of trading on Tuesday, July 5. S&P Global 1200 constituent Bank of Montreal (NYSE: BMO) is acquiring Marshall & Ilsley in a deal expected to be completed on or about that date pending final approvals.
- S&P SmallCap 600 constituent AMERIGROUP Corp. (NYSE: AGP) will replace Nationwide Health Properties Inc. (NYSE: NHP) in the S&P MidCap 400 index, and Northwest Bancshares Inc. (Nasdaq: NWBI) will replace AMERIGROUP in the S&P SmallCap 600 index after the close of trading on Friday, July 1. Nationwide Health Properties is being acquired by S&P 500 constituent Ventas Inc. (NYSE: VTR) in a deal expected to be completed on or about that date pending final approvals.
- Lincoln Educational Services Corp. (Nasdaq: LINC) will replace Pre-Paid Legal Services Inc. (NYSE: PPD) in the S&P SmallCap 600 index after the close of trading on Thursday, June 30. Private equity firm MidOcean PPL Holdings Corp. is acquiring Pre-Paid Legal Services 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.
Accenture operates as a management consulting, technology services, and outsourcing company. Headquartered in Dublin, Ireland, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) IT consulting & Other Services Sub-Industry index.
AMERIGROUP operates as a multi-state managed healthcare company. Headquartered in Virginia Beach, VA, the company will be added to the S&P MidCap 400 GICS Managed Health Care Sub-Industry index.
Northwest Bancshares offers various banking and consumer finance services. Headquartered in Warren, PA, the company will be added to the S&P SmallCap 600 GICS Thrifts & Mortgage Finance Sub-Industry index.
Lincoln Educational Services provides career-oriented post-secondary education services. Headquartered in West Orange, NJ, the company will be added to the S&P SmallCap 600 GICS Education Services Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - June 30, 2011 | ||||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | ||
ADDED | Lincoln Educational Services | Consumer Discretionary | Education Services | |
DELETED | Pre-Paid Legal Services | Consumer Discretionary | Specialized Consumer Services | |
S&P MIDCAP 400 INDEX - July 1, 2011 | ||||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | ||
ADDED | AMERIGROUP | Health Care | Managed Health Care | |
DELETED | Nationwide Health Properties | Financials | Specialized REITs | |
S&P SMALLCAP 600 INDEX - July 1, 2011 | ||||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | ||
ADDED | Northwest Bancshares | Financials | Thrifts & Mortgage Finance | |
DELETED | AMERIGROUP | Health Care | Managed Health Care | |
S&P 500 INDEX - July 5, 2011 | ||||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | ||
ADDED | Accenture | Information Technology | IT Consulting & Other Services | |
DELETED | Marshall & Ilsley | 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.
For more information contact
David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907
SOURCE Standard & Poor's