Standard & Poor's Announces Changes to U.S. Indices
September 15 2008 - 5:53PM
PR Newswire (US)
NEW YORK, Sept. 15 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 100, S&P 500 and S&P
MidCap 400 indices: -- Lehman Brothers Holdings Inc. (NYSE:LEH)
will be removed from the S&P 100 and S&P 500 indices after
the close of trading on Tuesday, September 16. The company has
filed for Chapter 11 bankruptcy protection. Lehman's place in the
S&P 100 will be taken by S&P 500 constituent Occidental
Petroleum Corp. (NYSE:OXY), Lehman's place in the S&P 500 will
be taken by S&P MidCap 400 constituent Harris Corp. (NYSE:HRS),
and Harris Corp. will be replaced by Greif Inc. (NYSE:GEF) in the
S&P MidCap 400, all after the close of trading on Friday,
September 19. Standard & Poor's will monitor these
transactions, and post any relevant updates on its website:
http://www.standardandpoors.com/. Headquartered in Los Angeles, CA,
Occidental Petroleum operates as a global oil and gas exploration
and production company. Harris offers communications equipment for
voice, data and video applications for commercial and governmental
customers. Headquartered in Melbourne, FL, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Communications Equipment Sub-Industry index. Greif
produces industrial packaging products, corrugated products and
containerboard, and sells timber. Headquartered in Delaware, OH,
the company will be added to the S&P MidCap 400 GICS Metal
& Glass Containers Sub-Industry index. Following is a summary
of the changes: S&P 100 INDEX - September 16, 2008 COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY DELETED Lehman Brothers
Financials Investment Banking & Holdings Brokerage S&P 500
INDEX - September 16, 2008 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY DELETED Lehman Brothers Financials Investment Banking
& Holdings Brokerage S&P 100 INDEX - September 19, 2008
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Occidental
Energy Integrated Oil & Gas Petroleum S&P 500 INDEX -
September 19, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Harris Information Technology Communications Equipment
S&P MIDCAP 400 INDEX - September 19, 2008 COMPANY GICS ECONOMIC
SECTOR GICS SUB-INDUSTRY ADDED Greif Materials Metal & Glass
Containers DELETED Harris Information Technology Communications
Equipment 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 Index Services
Standard & Poor's Index Services, the world's leading index
provider, maintains a wide variety of investable and benchmark
indices to meet an array of investor needs. Its family of indices
includes the S&P 500, an index with $1.5 trillion invested and
$4.85 trillion benchmarked, and the S&P Global 1200, a
composite index comprised of seven regional and country headline
indices. For more information, please visit
http://www.standardandpoors.com/indices. 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
8,500 employees, including wholly owned affiliates, located in 23
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/. 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.standardandpoors.com/indices
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