Standard & Poor's Announces Changes to U.S. Indices
October 18 2006 - 7:03PM
PR Newswire (US)
NEW YORK, Oct. 18 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P MidCap 400 and S&P
SmallCap 600 indices: * Fidelity National Title Group, Inc.
(NYSE:FNTwi) will replace Emmis Communications Corp. (NASDAQ:EMMS)
in the S&P MidCap 400 after the close of trading on Tuesday,
October 24. The 85% of Fidelity National Title owned by S&P
Midcap 400 constituent Fidelity National Financial Inc. (NYSE:FNF)
is being spun off to shareholders in a deal expected to close on or
about that date, pending final approvals. At today's close of
trading, Emmis had a market capitalization of approximately $440
million, ranking 400th in the index. * S&P SmallCap 600
constituent Hansen Natural Corp. (NASDAQ:HANS) will replace
Reynolds and Reynolds Co. (NYSE:REY) in the S&P MidCap 400, and
Digitas Inc. (NASDAQ:DTAS) will replace Hansen in the S&P
SmallCap 600, after the close of trading on Thursday, October 26.
Reynolds is being acquired by Universal Computer Systems Holding
Inc. in a deal that is 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/ . Fidelity National Title provides
title insurance, escrow services, and other title-related products
and services for real estate transactions. Headquartered in
Jacksonville, FL, the company will be added to the S&P MidCap
400 GICS Property and Casualty Insurance Sub-Industry index. Hansen
Natural engages in the development, marketing, sale, and
distribution of beverages in the United States. Headquartered in
Corona, CA, the company will be added to the S&P MidCap 400
GICS (Global Industry Classification Standard) Soft Drinks
Sub-Industry index. Digitas is an Internet professional services
firm that provides integrated strategy, technology, and marketing
solutions to various companies. Headquartered in Boston, MA, the
company will be added to the S&P SmallCap 600 GICS Internet
Software & Services Sub-Industry index. Following is a summary
of the changes: S&P MIDCAP 400 INDEX - October 24, 2006 COMPANY
GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Fidelity Financials
Property and Casualty National Title Insurance DELETED Emmis
Consumer Discretionary Broadcasting & Communications Cable TV
S&P MIDCAP 400 INDEX - October 26, 2006 COMPANY GICS ECONOMIC
SECTOR GICS SUB-INDUSTRY ADDED Hansen Natural Consumer Staples Soft
Drinks DELETED Reynolds and Reynolds Information Technology
Application Software S&P SMALLCAP 600 INDEX - October 26, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Digitas
Information Technology Internet Software & Services DELETED
Hansen Natural Consumer Staples Soft Drinks 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 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/
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