Standard & Poor's Announces Change to U.S. Index
December 20 2005 - 4:58PM
PR Newswire (US)
NEW YORK, Dec. 20 /PRNewswire/ -- S&P SmallCap 600 constituent
Southwestern Energy (NYSE:SWN) will replace PacifiCare Health
Systems Inc. (NYS: PHS) in the S&P MidCap 400 after the close
of trading on a date to be announced. PacifiCare Health Systems is
being acquired by S&P 500 constituent United Health Group Inc.
(NYSE:UNH) in a deal that is still pending final approvals. Playtex
Products (NYSE:PYX) will replace Southwestern Energy in the S&P
SmallCap 600 Index. Standard & Poor's will monitor this
transaction, and post any relevant updates on its website:
http://www.standardandpoors.com/. Southwestern Energy is an
integrated natural gas company whose wholly- owned subsidiaries are
engaged in oil and gas exploration and production, natural gas
gathering, transmission, and marketing, and natural gas
distribution. Headquartered in Houston, Texas, the company will be
added to the S&P MidCap 400 GICS (Global Industry
Classification Standard) Oil & Gas Exploration & Production
Sub-Industry Index. Playtex Products is a leading manufacturer and
distributor of a diversified portfolio of Feminine Care, Infant
Care and Skin Care products, including Playtex tampons, Playtex
infant feeding products, Diaper Genie, Banana Boat, Wet Ones and
Playtex gloves. Headquartered in Westport, Connecticut, the company
will be added to the S&P SmallCap 600 GICS Personal Care
Sub-Industry Index. Following is a summary of the changes: S&P
MIDCAP 400 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Southwestern Energy Energy Oil & Gas
Exploration & Production DELETED PacifiCare Health Health Care
Managed Health Care Systems S&P SMALLCAP 600 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Playtex
Products Consumer Staples Personal Products DELETED Southwestern
Energy Energy Oil & Gas Exploration & Production 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. 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 6000 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 300 offices in 40 countries. Sales in 2004 were $5.3
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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