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
foremost provider of independent credit ratings, indices, risk
evaluation, investment research and data. With approximately 6,300
employees located in 20 countries and markets, 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 290 offices in 38 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 (212) 438-3907 Web site:
http://www.standardandpoors.com/ http://www.mcgraw-hill.com/
Copyright
Town & Country (NYSE:TCT)
Historical Stock Chart
From Oct 2024 to Nov 2024
Town & Country (NYSE:TCT)
Historical Stock Chart
From Nov 2023 to Nov 2024