Standard & Poor's Announces Change to U.S. Index - Amendment
July 12 2006 - 11:07AM
PR Newswire (US)
NEW YORK, July 12 /PRNewswire/ -- Windstream Corp. (NYSE:WINwi)
will replace Cooper Tire & Rubber Co. (NYSE:CTB) in the S&P
500 after the close of trading on Monday, July 17. Windstream is
the company being formed by the combination of the wireline segment
of S&P 500 constituent Alltel Corp. (NYSE:AT) and Valor
Communications Group Inc. (NYSE:VCG) in a transaction scheduled to
be completed on or about that date. At today's close of trading
Cooper Tire & Rubber had a market cap of roughly $664 million,
ranking 500th in the index. Standard & Poor's will monitor this
transaction, and post any relevant updates on its website:
http://www.standardandpoors.com/. Windstream provide voice,
broadband and entertainment services to customers in 16 states.
Headquartered in Little Rock, AR, the company will be added to the
S&P 500 GICS (Global Industry Classification Standard)
Integrated Telecommunication Services Sub-Industry index. Following
is a summary of the change: S&P 500 INDEX - July 17, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Windstream
Telecommunication Integrated Services Telecommunication Services
DELETED Cooper Tire & Consumer Discretionary Tires & Rubber
Rubber 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 and data. With approximately
6,300 employees located in 21 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/. About The
McGraw-Hill Companies 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,
McGraw-Hill Education, BusinessWeek and J.D. Power and Associates.
The Corporation has more than 290 offices in 38 countries. Sales in
2005 were $6.0 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/
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