Standard & Poor's Announces Changes to U.S. Indices
October 01 2007 - 6:14PM
PR Newswire (US)
NEW YORK, Oct. 1 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 500, S&P MidCap 400 and
S&P REIT Composite indices after the close of trading on
October 5, 2007: -- S&P MidCap 400 constituent Noble Energy
Inc. (NYSE:NBL) will replace Archstone-Smith Trust (NYSE:ASN) in
the S&P 500, Lamar Advertising Co. (NASD: LAMR) will replace
Noble Energy in the S&P MidCap 400, and Ashford Hospitality
Trust Inc. (NYSE:AHT) will replace Archstone-Smith in the S&P
REIT Composite. Archstone-Smith is being acquired by affiliates of
Tishman Speyer and S&P 100 and 500 constituent Lehman Brothers
Holdings Inc. (NYSE:LEH) in a deal 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/. Noble Energy engages in
the exploration, development, production, and marketing of crude
oil and natural gas. Headquartered in Houston, TX, the company will
be added to the S&P 500 GICS (Global Industry Classification
Standard) Oil & Gas Exploration & Production Sub-Industry
index. Lamar Advertising provides outdoor advertising services.
Headquartered in Baton Rouge, LA, the company will be added to the
S&P MidCap 400 GICS Advertising Sub-Industry index. Ashford
Hospitality is a REIT that invests in the hospitality industry.
Headquartered in Dallas, TX, the company will be added to the
S&P REIT Composite GICS Specialized REITs sub-industry.
Following is a summary of the changes: S&P 500 INDEX - October
5, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Noble
Energy Energy Oil & Gas Exploration & Production DELETED
Archstone-Smith Financials Residential REITs S&P MIDCAP 400 -
October 5, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Lamar Advertising Consumer Discretionary Advertising DELETED
Noble Energy Energy Oil & Gas Exploration & Production
S&P REIT COMPOSITE INDEX - October 5, 2007 COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Ashford Financials
Specialized REITs Hospitality DELETED Archstone-Smith Financials
Residential REITs 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 (212) 438-3907 Web site:
http://www.standardandpoors.com/ http://www.mcgraw-hill.com/
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