Standard & Poor's Announces Changes to S&P Indices
November 10 2004 - 6:04PM
PR Newswire (US)
Standard & Poor's Announces Changes to S&P Indices NEW
YORK, Nov. 10 /PRNewswire-FirstCall/ -- 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 MidCap 400 constituent
L-3 Communications Holdings Inc. (NYSE:LLL) will replace WellPoint
Health Networks Inc. (NYSE:WLP) in the S&P 500 after the close
of trading on a date to be announced. WellPoint is being acquired
by S&P 500 constituent Anthem Inc. (NYSE:ATH) in a deal still
subject to final approval. S&P REIT Composite constituent
Weingarten Realty Investors (NYSE:WRI) will replace L-3
Communications in the S&P MidCap 400. * SFBC International Inc.
(NASDAQ:SFCC) will replace FLYi Inc. (NASDAQ: NASDAQ:FLYI) in the
S&P SmallCap 600 after the close of trading on Friday, November
12. FLYi's stock has traded below $2.00 per share for more than
five consecutive days. Standard & Poor's will monitor these
transactions, and post any relevant updates on its website:
http://www.standardandpoors.com/. L-3 Communications is a merchant
supplier of secure communications systems and specialized
communications products. Headquartered in New York, NY, the company
will be added to the S&P 500 GICS (Global Industry
Classification Standard) Aerospace & Defense Sub-Industry
Index. Weingarten Realty Investors is a real estate investment
trust investing primarily in shopping centers and industrial
properties. Headquartered in Houston, TX, the company will be added
to the S&P MidCap 400 GICS Real Estate Investment Trusts
Sub-Industry Index. SFBC International conducts clinical research
and provides drug development services for clients in the
pharmaceutical and biotechnological industries. Headquartered in
Miami, FL, the company will be added to the S&P SmallCap 600
GICS Health Care Services Sub-Industry Index. Following is a
summary of the changes: S&P 500 INDEX - TBA COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED L-3 Communications
Industrials Aerospace & Defense DELETED WellPoint Health Health
Care Managed Health Care Networks S&P MIDCAP 400 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Weingarten
Realty Financials Real Estate Investors Investment Trusts DELETED
L-3 Communications Industrials Aerospace & Defense S&P
SMALLCAP 600 INDEX - November 12, 2004 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED SFBC International Health Care Health Care
Services DELETED FLYi Inc. Industrials Airlines 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 5000 employees located in 20 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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