Standard & Poor's Announces Changes to U.S. Indices
November 02 2006 - 5:56PM
PR Newswire (US)
NEW YORK, Nov. 2 /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 500 constituent
Louisiana-Pacific Corp. (NYSE:LPX) will replace Fidelity National
Information Services Inc. (NYSE:FIS) in the S&P MidCap 400,
Fidelity National Information Services Inc. will replace
Louisiana-Pacific Corp. in the S&P 500, and Nuveen Investments
Inc. (NYSE:JNC) will replace Fidelity National Financial Inc.
(NYSE:FNF) in the S&P MidCap 400 after the close of trading on
Thursday, November 9. Fidelity National Financial is being acquired
by Fidelity National Information Services in a deal expected to
close on or about that date, pending final approvals. * Intevac
Inc. (NASDAQ:IVAC) will replace Wolverine Tube Inc. (NYSE:WLV) in
the S&P SmallCap 600 after the close of trading on Monday,
November 6. At today's close of trading, Wolverine had a market
capitalization of approximately $19.6 million, ranking 600th in the
index. * A replacement for Texas Regional Bancshares Inc.
(NASDAQ:TRBS) will be announced at a later date. Standard &
Poor's will monitor these transactions, and post any relevant
updates on its website: http://www.standardandpoors.com/. Fidelity
National Information Services Inc. provides payment and processing
services to financial institutions and merchants in the United
States. Headquartered in Jacksonville, FL, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Data Processing & Outsourced Services Sub-Industry
index. Louisiana-Pacific Corp. is a forest products company that
engages in the manufacture and distribution of building products
for new home construction, repair and remodeling, and manufactured
housing. Headquartered in Nashville, TN, the company will be added
to the S&P MidCap 400 GICS Forest Products Sub- Industry index.
Nuveen Investments Inc. is an investment manager that provides its
services to institutions, high net-worth investors, and the
financial advisors that serve them. Headquartered in Chicago, IL,
the company will be added to the S&P MidCap 400 GICS Asset
Management & Custody Banks Sub-Industry index. Intevac Inc.
provides disk sputtering equipment to manufacturers of magnetic
media used in hard disk drives worldwide. Headquartered in Santa
Clara, CA, the company will be added to the S&P SmallCap 600
GICS Semiconductor Equipment Sub-Industry index. Following is a
summary of the changes: S&P 500 INDEX - November 9, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Fidelity
Information Information Technology Data Processing Services &
Outsourced Services DELETED Louisiana-Pacific Materials Forest
Products S&P MIDCAP 400 INDEX - November 9, 2006 COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Louisiana-Pacific Materials
Forest Products DELETED Fidelity Information Information Data
Processing Services Technology & Outsourced Services S&P
MIDCAP 400 INDEX - November 9, 2006 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED Nuveen Investments Financials Asset
Management & Custody Banks DELETED Fidelity National Financials
Property & Casualty Financial Insurance S&P SMALLCAP 600
INDEX - November 6, 2006 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Intevac Information Technology Semiconductor
Equipment DELETED Wolverine Tube Industrials Industrial Machinery
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 +1-212-438-3907 Web site:
http://www.standardandpoors.com/ http://www.mcgraw-hill.com/
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