Standard & Poor's Announces Changes to U.S. Indices
December 05 2007 - 5:52PM
PR Newswire (US)
NEW YORK, Dec. 5 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 500 and S&P MidCap 400
after the close of trading on a date to be announced: -- S&P
MidCap 400 constituent GameStop Corp. (NYSE:GME) will replace Dow
Jones & Co. Inc. (NYSE:DJ) in the S&P 500, and BE Aerospace
Inc. (NASD: BEAV) will replace GameStop in the S&P MidCap 400.
Dow Jones is being acquired by S&P 500 constituent News Corp.
(NYSE:NWS.A) in a deal that is still pending final approvals.
Standard & Poor's will monitor this transaction, and post any
relevant updates on its website: http://www.standardandpoors.com/.
GameStop is a video game and PC entertainment software specialty
retailer. Headquartered in Grapevine, TX, the company will be added
to the S&P 500 GICS (Global Industry Classification Standard)
Computer & Electronics Retail Sub- Industry index. BE Aerospace
manufactures cabin interior products for commercial aircraft and
business jets and distributes aerospace fasteners in the
aftermarket. Headquartered in Wellington, FL, the company will be
added to the S&P MidCap 400 GICS Aerospace & Defense
Sub-Industry index. Following is a summary of the changes: S&P
500 INDEX -- TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
Computer & ADDED GameStop Consumer Discretionary Electronics
Retail DELETED Dow Jones & Co. Consumer Discretionary
Publishing S&P MIDCAP 400 INDEX -- TBA COMPANY GICS ECONOMIC
SECTOR GICS SUB-INDUSTRY ADDED BE Aerospace Industrials Aerospace
& Defense Computer & DELETED GameStop Consumer
Discretionary Electronics 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 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 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 (NYSE:MHP) 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 280 offices in 40 countries. Sales in
2006 were $6.3 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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