Standard & Poor's Announces Changes to U.S. Indices
November 29 2004 - 5:32PM
PR Newswire (US)
Standard & Poor's Announces Changes to U.S. Indices NEW YORK,
Nov. 29 /PRNewswire-FirstCall/ -- Standard & Poor's hereby
announces changes to the S&P 500 and S&P SmallCap 600
Indices. Both company additions will be made at full market cap
weight, and are as follows: * Freescale Semiconductor Inc.
(NYSE:FSL.B) will replace Winn-Dixie Stores Inc. (NYSE:WIN) in the
S&P 500 after the close of trading on Thursday, December 2.
Freescale Semiconductor is being spun off by S&P 500
constituent Motorola Inc. (NYSE:MOT). At the close of trading on
Friday, November 26, Winn-Dixie had a market capitalization of
roughly $580 million, ranking 500th in the Index. * Stage Stores
Inc. (NASD: STGS) will be added to the S&P SmallCap 600 after
the close of trading on Tuesday, November 30. Stage Stores is
taking the place of Information Holdings Inc. (NYSE:IHI), which is
being removed from the Index after this evening's market close.
Information Holdings is being acquired by S&P/TSX Composite
Index constituent Thomson Corp. (NYSE:TOC) in a deal expected to
close before tomorrow's market open. Standard & Poor's will
monitor these transactions, and post any relevant updates on its
website: http://www.standardandpoors.com/. Freescale is a global
semiconductor company focused on providing embedded processing and
connectivity products for large, high-growth markets. Headquartered
in Austin, TX, the company will be added to the S&P 500 GICS
(Global Industry Classification Standard) Semiconductors
Sub-Industry Index. Stage Stores is a regional specialty department
store retailer operating under the Stage, Bealls, Palais Royal and
Peebles trade names. Headquartered in Houston, TX, the company will
be added to the S&P SmallCap 600 GICS Apparel Retail
Sub-Industry Index. Following is a summary of the changes: S&P
500 INDEX - December 2, 2004 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY Freescale Information ADDED Semiconductor Technology
Semiconductors Winn-Dixie Consumer DELETED Stores Staples Food
Retail S&P SMALLCAP 600 INDEX - November 29, 2004 COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY Information Consumer DELETED
Holdings Discretionary Publishing S&P SMALLCAP 600 INDEX -
November 30, 2004 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
Stage Consumer ADDED Stores Inc. Discretionary Apparel Retail
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, data and valuations. With
6,000 employees 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/. 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, BusinessWeek and
McGraw-Hill Education. The Corporation has more than 280 offices in
40 countries. Sales in 2003 were $4.8 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/
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