Standard & Poor's Announces Changes to U.S. Index
May 09 2005 - 7:12PM
PR Newswire (US)
Standard & Poor's Announces Changes to U.S. Index NEW YORK, May
9 /PRNewswire/ -- Standard & Poor's will make the following
changes to the S&P SmallCap 600: * Central Pacific Financial
Corp. (NYSE:CPF) will replace Riggs National Corp. (NASD: RIGS)
after the close of trading on Friday, May 13. S&P 500
constituent PNC Financial Services Group (NYSE:PNC) is acquiring
Riggs National in a deal expected to close on or about that date. *
World Fuel Services Corp. (NYSE:INT) will replace Patina Oil &
Gas Corp. (NYSE:POG) after the close of trading on a date to be
announced. Patina Oil & Gas is being acquired by S&P MidCap
400 constituent Noble Energy Inc. (NYSE:NBL) in a deal that is
still pending final approval. Standard & Poor's will monitor
these transactions, and post any relevant updates on its website:
http://www.standardandpoors.com/. Central Pacific Financial is a
full-service commercial bank in Hawaii. Headquartered in Honolulu,
HI, the company will be added to the S&P SmallCap 600 GICS
(Global Industry Classification Standard) Regional Banks
Sub-Industry Index. World Fuel Services markets marine fuel
services to international shipping companies and aviation fuel
services to passenger, cargo and charter airlines. Headquartered in
Miami, FL, the company will be added to the S&P SmallCap 600
GICS Oil & Gas Refining & Marketing Sub-Industry Index.
Following is a summary of the changes: S&P SMALLCAP 600 INDEX -
May 13, 2005 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED
Central Pacific Fin'l Financials Regional Banks DELETED Riggs
National Financials Regional Banks S&P SMALLCAP 600 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED World Fuel
Services Energy Oil & Gas Refining & Marketing DELETED
Patina Oil & Gas 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. About Standard & Poor's 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
6,000 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 280 offices in
37 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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