Standard & Poor's Announces Changes to U.S. Indices
March 23 2006 - 5:02PM
PR Newswire (US)
NEW YORK, March 23 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 500, S&P SmallCap 600 and
S&P REIT Composite indices: * Google Inc. (NASD: GOOG) will
replace Burlington Resources Inc. (NYSE:BR) in the S&P 500
after the close of trading on Friday, March 31. Burlington
Resources is being acquired by S&P 500 constituent
ConocoPhillips (NYSE:COP) in a deal expected to close on or about
that date, pending final approvals. * Tuesday Morning Corp. (NASD:
TUES) will replace UICI (NYSE:UCI) in the S&P SmallCap 600
after the close of trading on Wednesday, March 29. UICI is being
acquired by a group of private equity firms in a deal expected to
close on or about that date, pending final approvals. * Matria
Healthcare Inc. (NASD: MATR) will replace Hughes Supply Inc.
(NYSE:HUG) in the S&P SmallCap 600 after the close of trading
on Thursday, March 30. Hughes Supply is being acquired by S&P
500 and S&P 100 constituent Home Depot Inc. (NYSE:HD) in a deal
expected to close on or about that date, pending final approvals. *
Tronox Inc. (NYSE:TRX.Bwi) will replace Meade Instruments Corp.
(NASD: MEAD) in the S&P SmallCap 600 after the close of trading
on Thursday, March 30. S&P 500 constituent Kerr-McGee Corp.
(NYSE:KMG) is spinning off the Class B shares of Tronox to
shareholders in a deal expected to close on or about that date.
After the close of trading on Thursday, March 23 Meade Instruments
had a float-adjusted market capitalization of roughly $52 million,
ranking 600th in the index. * First Commonwealth Financial Corp.
(NYSE:FCF) will replace The Town and Country Trust (NYSE:TCT) in
the S&P SmallCap 600, and S&P MidCap 400 constituent
Potlatch Corp. (NYSE:PCH) will replace Town and Country in the
S&P REIT Composite, after the close of trading on Friday, March
31. Town and Country is being acquired by a joint venture
investment vehicle formed by affiliates of Morgan Stanley Real
Estate, Onex Real Estate and Sawyer Realty Holdings LLC in a deal
expected to close on or about that date, pending final approvals.
Standard & Poor's will monitor these transactions, and post any
relevant updates on its website: http://www.standardandpoors.com/.
Google provides Web search and online advertising services.
Headquartered in Mountain View, CA, the company will be added to
the S&P 500 GICS (Global Industry Classification Standard)
Internet Software & Services Sub-Industry index. Tuesday
Morning is a closeout retailer of upscale home furnishings and
gifts. Headquartered in Dallas, TX, the company will be added to
the S&P SmallCap 600 GICS General Merchandise Stores
Sub-Industry index. Matria Healthcare provides disease management
services that offer cost- saving solutions for costly medical
conditions and chronic diseases. Headquartered in Marietta, GA, the
company will be added to the S&P SmallCap 600 GICS Health Care
Services Sub-Industry index. Tronox produces and markets titanium
dioxide pigment products. Headquartered in Oklahoma City, OK, the
company will be added to the S&P SmallCap 600 GICS Commodity
Chemicals Sub-Industry index. First Commonwealth Financial operates
as a state chartered bank in numerous counties in central and
western Pennsylvania. Headquartered in Indiana, PA, the company
will be added to the S&P SmallCap 600 GICS Regional Banks
Sub-Industry index. Potlatch is a producer of logs and wood
products, and also has interests in pulp, bleached paperboard, and
tissue products. Headquartered in Spokane, WA, the company will be
added to the S&P REIT Composite Specialty property category.
Following is a summary of the changes: S&P 500 INDEX - March
31, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED
Google Information Technology Internet Software & Services
DELETED Burlington Energy Oil & Gas Exploration Resources &
Production S&P SMALLCAP 600 INDEX - March 29, 2006 COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Tuesday Morning Consumer
Discretionary General Merchandise Stores DELETED UICI Financials
Life & Health Insurance S&P SMALLCAP 600 INDEX - March 30,
2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Matria
Healthcare Health Care Health Care Services DELETED Hughes Supply
Industrials Trading Companies & Distributors S&P SMALLCAP
600 INDEX - March 30, 2006 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Tronox Materials Commodity Chemicals DELETED
Meade Consumer Discretionary Leisure Products Instruments S&P
SMALLCAP 600 INDEX - March 31, 2006 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED First Financials Regional Banks
Commonwealth Financial DELETED Town and Country Financials Real
Estate Investment Trusts S&P REIT COMPOSITE INDEX - March 31,
2006 COMPANY REIT TYPE PROPERTY TYPE ADDED Potlatch Equity
Specialty DELETED Town and Country Equity Residential Additions to
and deletions from an S&P equity index do not in any way
reflect an opinion on the investment merits of the companies
concerned. About Standard & Poor's Standard & Poor's, a
division of The McGraw-Hill Companies (NYSE:MHP), is the world's
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CONTACT: David M. Blitzer, Ph.D. Managing Director & Chairman
of the Index Committee (212) 438-3907 Web site:
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