Standard & Poor's Announces Changes to U.S. Indices
October 30 2006 - 4:48PM
PR Newswire (US)
NEW YORK, Oct. 30 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 100 and S&P 500 indices:
S&P 500 constituent Regions Financial Corp. (NYSE:RF) will
replace RadioShack Corp. (NYSE:RSH) in the S&P 100, and Celgene
Corp. (NASDAQ:CELG) will replace AmSouth Bancorp (NYSE:ASO) in the
S&P 500, after the close of trading on Friday, November 3.
AmSouth is being acquired by Regions Financial in a deal expected
to close before the open of trading on Monday, November 6, pending
final approvals. At today's close of trading RadioShack had a
market capitalization of approximately $2.4 billion, ranking 100th
in the S&P 100. S&P continues to monitor the pending
acquisition of BellSouth Corp. by fellow S&P 500 constituent
AT&T Inc., and will post any relevant updates on its website:
http://www.standardandpoors.com/ . Regions Financial, together with
its subsidiaries, offers a range of banking and financial services
across the southeastern United States. Headquartered in Birmingham,
AL, the company will be added to the S&P 100 GICS (Global
Industry Classification Standard) Regional Banks Sub-Industry
index. Celgene engages in the discovery, development, and
commercialization of therapies designed to treat cancer and
immune-inflammatory-related diseases in the United States.
Headquartered in Summit, NJ, the company will be added to the
S&P 500 GICS Biotechnology Sub-Industry index. Following is a
summary of the changes: S&P 100 INDEX - November 3, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Regions
Financials Regional Banks Financial DELETED RadioShack Consumer
Computer & Discretionary Electronics Retail S&P 500 INDEX -
November 3, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Celgene Health Care Biotechnology DELETED AmSouth Bancorp
Financials Regional Banks 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 212 438-3907 Web site:
http://www.standardandpoors.com/ http://www.mcgraw-hill.com/
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