NEW YORK, Dec. 8, 2011 /PRNewswire/ --S&P Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
- S&P MidCap 400 constituent AGL Resources Inc. (NYSE: AGL) will replace Nicor Inc. (NYSE: GAS) in the S&P 500 index, S&P SmallCap 600 constituent HSN Inc. (NASD: HSNI) will replace AGL Resources in the S&P MidCap 400 index, and EnerSys (NYSE:ENS) will replace HSN in the S&P SmallCap 600 index after the close of trading on Monday, December 12. AGL Resources is acquiring Nicor in a deal expected to be completed before that date, pending final conditions.
- To ensure each index more appropriately represents its market capitalization range, S&P will make the following index adjustments effective after the close of trading on Friday, December 16:
S&P MidCap 400 constituent BorgWarner Inc. (NYSE: BWA) will replace AK Steel Holding Corp. (NYSE: AKS) in the S&P 500 index, AK Steel Holding will replace Regeneron Pharmaceuticals Inc. (NASD: REGN) in the S&P SmallCap 600 index, and Regeneron Pharmaceuticals will replace BorgWarner in the S&P MidCap 400 index.
S&P MidCap 400 constituents Perrigo Co. (NASD: PRGO) and Dollar Tree Inc. (NASD: DLTR) will replace Monster Worldwide Inc. (NYSE: MWW) and MEMC Electronic Materials Inc. (NYSE: WFR) in the S&P 500 index, and Monster Worldwide and MEMC Electronic Materials will replace Perrigo and Dollar Tree in the S&P MidCap 400 index.
S&P SmallCap 600 constituents HMS Holdings Corp. (NASD: HMSY), World Fuel Services Corp. (NYSE: INT) and CLARCOR Inc. (NYSE: CLC) will replace The Ryland Group Inc. (NYSE: RYL), Cousins Properties Inc. (NYSE: CUZ) and Career Education Corp. (NASD: CECO) in the S&P MidCap 400 index, and The Ryland Group, Cousins Properties and Career Education will replace HMS Holdings, World Fuel Services and CLARCOR in the S&P SmallCap 600 index.
S&P Indices will post any relevant updates on its website: www.standardandpoors.com.
AGL Resources is an energy services company. Headquartered in Atlanta, GA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Gas Utilities Sub-Industry index.
HSN markets and sells a range of third party and private label merchandise. Headquartered in St. Petersburg, FL, the company will be added to the S&P MidCap 400 GICS Catalog Retail Sub-Industry index.
EnerSys manufactures, markets, and distributes industrial batteries. Headquartered in Reading, PA, the company will be added to the S&P SmallCap 600 GICS Electrical Components & Equipment Sub-Industry index.
BorgWarner engages in the manufacture and sale of engineered automotive systems and components. Headquartered in Auburn Hills, MI, the company will be added to the S&P 500 GICS Auto Parts & Equipment Sub-Industry index.
AK Steel Holding produces flat-rolled carbon, stainless and electrical steels, and tubular products. Headquartered in West Chester, OH, the company will be added to the S&P SmallCap 600 GICS Steel Sub-Industry index.
Regeneron Pharmaceuticals discovers, develops, and commercializes pharmaceutical products. Headquartered in Tarrytown, NY, the company will be added to the S&P MidCap 400 GICS Biotechnology Sub-Industry index.
Perrigo develops, manufactures, and distributes over-the-counter and generic prescription pharmaceuticals, infant formulas, nutritional products, and active pharmaceutical ingredients. Headquartered in Allegan, MI, the company will be added to the S&P 500 GICS Pharmaceuticals Sub-Industry index.
Dollar Tree operates discount variety stores. Headquartered in Chesapeake, VA, the company will be added to the S&P 500 GICS General Merchandise Stores Sub-Industry index.
MEMC Electronic Materials engages in the development, manufacture, and sale of silicon wafers. Headquartered in St. Peters, MO, the company will be added to the S&P MidCap 400 GICS Semiconductor Equipment Sub-Industry index.
Monster Worldwide provides online employment solutions. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS Internet Software & Services Sub-Industry index.
HMS Holdings Corp. provides cost containment, coordination of benefits, and program integrity services. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS Health Care Services Sub-Industry index.
World Fuel Services is a fuel logistics company. Headquartered in Miami, FL, the company will be added to the S&P MidCap 400 GICS Oil & Gas Refining & Marketing Sub-Industry index.
CLARCOR provide filtration products, filtration systems and services, and consumer and industrial packaging products. Headquartered in Franklin, TN, the company will be added to the S&P MidCap 400 GICS Industrial Machinery Sub-Industry index.
The Ryland Group operates as a homebuilder and a mortgage-finance company. Headquartered in Westlake Village, CA, the company will be added to the S&P SmallCap 600 GICS Homebuilding Sub-Industry index.
Cousins Properties, a real estate investment trust (REIT), owns, develops, and manages office and retail properties. Headquartered in St. Peters, MO, the company will be added to the S&P SmallCap 600 GICS Diversified REITs Sub-Industry index.
Career Education operates colleges, schools, and universities. Headquartered in Schaumburg, IL, 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 500 INDEX - December 12, 2011 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | AGL Resources | Utilities | Gas Utilities |
DELETED | Nicor | Utilities | Gas Utilities |
S&P MIDCAP 400 INDEX - December 12, 2011 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | HSN | Consumer Discretionary | Catalog Retail |
DELETED | AGL Resources | Utilities | Gas Utilities |
S&P SMALLCAP 600 INDEX - December 12, 2011 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Enersys | Industrials | Electrical Components & Equipment |
DELETED | HSN | Consumer Discretionary | Catalog Retail |
S&P 500 INDEX - December 16, 2011 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | BorgWarner | Consumer Discretionary | Auto Parts & Equipment |
Perrigo | Health Care | Pharmaceuticals | |
Dollar Tree | Consumer Discretionary | General Merchandise Stores | |
DELETED | AK Steel | Materials | Steel |
MEMC Electronic Materials | Information Technology | Semiconductor Equipment | |
Monster Worldwide | Information Technology | Internet Software & Services | |
S&P MIDCAP 400 INDEX - December 16, 2011 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Regeneron | Health Care | Biotechnology |
MEMC Electronic Materials | Information Technology | Semiconductor Equipment | |
Monster Worldwide | Information Technology | Internet Software & Services | |
HMS Holdings | Health Care | Health Care Services | |
World Fuel Services | Energy | Oil & Gas Refining & Marketing | |
CLARCOR | Industrials | Industrial Machinery | |
DELETED | BorgWarner | Consumer Discretionary | Auto Parts & Equipment |
Perrigo | Health Care | Pharmaceuticals | |
Dollar Tree | Consumer Discretionary | General Merchandise Stores | |
Ryland Group | Consumer Discretionary | Homebuilding | |
Cousins Properties | Financials | Diversified REITs | |
Career Education | Consumer Discretionary | Education Services | |
S&P SMALLCAP 600 INDEX - December 16, 2011 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | AK Steel | Materials | Steel |
Ryland Group | Consumer Discretionary | Homebuilding | |
Cousins Properties | Financials | Diversified REITs | |
Career Education | Consumer Discretionary | Education Services | |
DELETED | Regeneron | Health Care | Biotechnology |
HMS Holdings | Health Care | Health Care Services | |
World Fuel Services | Energy | Oil & Gas Refining & Marketing | |
CLARCOR | Industrials | Industrial Machinery | |
For more information about S&P Indices, please visit www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: MHP), 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 S&P Indices
