Standard & Poor's Announces Changes to U.S. Indices
January 31 2007 - 4:57PM
PR Newswire (US)
NEW YORK, Jan. 31 /PRNewswire/ -- Standard & Poor's 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 Polo
Ralph Lauren Corp. (NYSE:RL) will replace Comverse Technology Inc.
(NASDAQ:CMVT) in the S&P 500, S&P SmallCap 600 constituent
Frontier Oil Corp. (NYSE:FTO) will replace Polo Ralph Lauren in the
S&P MidCap 400, and HealthExtras Inc. (NASDAQ:HLEX) will
replace Frontier Oil in the S&P SmallCap 600 after the close of
trading on Thursday, February 1. Comverse was removed from the
S&P 500 after today's close of trading, pursuant to its
delisting by NASDAQ before tomorrow's market open. * S&P
SmallCap 600 constituent Central Garden & Pet Co. (NASDAQ:CENT)
has declared a special dividend in the form of two shares of Class
A stock for each outstanding share of the company's existing common
stock and Class B stock. After the distribution, Class A shares
will represent 67% of Central Garden & Pet's outstanding stock.
As a result, Standard & Poor's will remove Central Garden and
Pet's common stock from the S&P SmallCap 600 index, and replace
it with Class A stock (NASDAQ:CENTA) after the close of trading on
Tuesday, February 6. * UniFirst Corp. (NYSE:UNF) will replace
Digital Insight Corp. (NASDAQ:DGIN) in the S&P SmallCap 600
after the close of trading on a date to be announced. Digital
Insight is being acquired by S&P 500 constituent Intuit Inc.
(NASDAQ:INTU) in a deal that is still pending final approvals. *
Standard & Poor's is implementing an enhancement of its U.S.
index inclusion criteria. Specifically, the criterion of financial
viability, usually measured as four consecutive quarters of
profitability, will now also encompass balance sheet leverage. A
candidate company's debt level should be operationally justifiable,
in the context of both its industry peers and its business model.
Standard & Poor's will monitor these transactions, and post any
relevant updates on its website: http://www.standardandpoors.com/.
Polo Ralph Lauren engages in the design, marketing, and
distribution of men's and women's clothing and other lifestyle
products. Headquartered in New York, NY, the company will be added
to the S&P 500 GICS (Global Industry Classification Standard)
Apparel, Accessories & Luxury Goods Sub-Industry index.
Frontier Oil engages in crude oil refining and the wholesale
marketing of refined petroleum products. Headquartered in Houston,
TX, the company will be added to the S&P MidCap 400 GICS Oil
& Gas Refining & Marketing Sub-Industry index. HealthExtras
provides pharmacy benefit management services and supplemental
benefit programs. Headquartered in Rockville, MD, the company will
be added to the S&P SmallCap 600 GICS Health Care Services
Sub-Industry index. Central Garden & Pet engages in the
production and marketing of products for the lawn and garden, and
pet supplies industries. Headquartered in Walnut Creek, CA, the
company will be added to the S&P SmallCap 600 GICS Household
Products Sub-Industry index. UniFirst provides workplace uniforms
and protective work wear clothing in the United States.
Headquartered in Wilmington, MA, the company will be added to the
S&P SmallCap 600 GICS Apparel, Accessories & Luxury Goods
Sub-Industry index. Following is a summary of the changes: S&P
500 INDEX - February 1, 2007 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Polo Ralph Lauren Consumer Discretionary
Apparel, Accessories & Luxury Goods S&P MIDCAP 400 INDEX -
February 1, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Frontier Oil Energy Oil & Gas Refining & Marketing
DELETED Polo Ralph Lauren Consumer Discretionary Apparel,
Accessories & Luxury Goods S&P SMALLCAP 600 INDEX -
February 1, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED HealthExtras Health Care Health Care Services DELETED
Frontier Oil Energy Oil & Gas Refining & Marketing S&P
SMALLCAP 600 INDEX - February 6, 2007 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED Central Garden & Pet Consumer Staples
Household Products "A" shares DELETED Central Garden & Pet
Consumer Staples Household Products "common" shares S&P
SMALLCAP 600 INDEX - To Be Announced COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED UniFirst Consumer Discretionary Apparel,
Accessories & Luxury Goods DELETED Digital Insight Information
Technology Internet Software & Services 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 foremost provider
of financial market intelligence, including independent credit
ratings, indices, risk evaluation, investment research and data.
With approximately 7,500 employees, including wholly owned
affiliates, located in 21 countries, Standard & Poor's is an
essential part of the world's financial infrastructure and has
played a leading role for more than 140 years in providing
investors with the independent benchmarks they need to feel more
confident about their investment and financial decisions. For more
information, visit http://www.standardandpoors.com/. About The
McGraw-Hill Companies: Founded in 1888, The McGraw-Hill Companies
is a leading global information services provider meeting worldwide
needs in the financial services, education and business information
markets through leading brands such as Standard & Poor's,
McGraw-Hill Education, BusinessWeek and J.D. Power and Associates.
The Corporation has more than 240 offices in 36 countries. Sales in
2005 were $6.0 billion. Additional information is available at
http://www.mcgraw-hill.com/. DATASOURCE: Standard & Poor's
CONTACT: David M. Blitzer, Ph.D. Managing Director & Chairman
of the Index Committee Standard & Poor's +1-212-438-3907 Web
site: http://www.standardandpoors.com/ http://www.mcgraw-hill.com/
Copyright
Central Garden and Pet (NASDAQ:CENT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Central Garden and Pet (NASDAQ:CENT)
Historical Stock Chart
From Jul 2023 to Jul 2024