Standard & Poor's Announces Changes to U.S. Indices
January 26 2010 - 5:57PM
PR Newswire (US)
NEW YORK, Jan. 26 /PRNewswire/ -- Berkshire Hathaway Inc.
(NYSE:BRK.B) will replace Burlington Northern Santa Fe Corp.
(NYSE:BNI) in the S&P 100 and S&P 500 indices on a date to
be announced. Burlington Northern Santa Fe is being acquired by
Berkshire Hathaway in a deal expected to close next month, pending
final approvals. Standard & Poor's will monitor this
transaction, and post any relevant updates on its website:
http://www.standardandpoors.com/. Berkshire Hathaway is primarily
engaged in the property and casualty insurance and reinsurance
business, and is also engaged in a variety of other businesses.
Headquartered in Omaha, NE, the company will be added to the
S&P 500 GICS (Global Industry Classification Standard) Property
& Casualty Insurance Sub-Industry index. Following is a summary
of the changes: S&P 100 INDEX - TBA --------------------- GICS
ECONOMIC GICS SUB- COMPANY SECTOR INDUSTRY ------- -------------
--------- Property & Berkshire Casualty ADDED Hathaway
Financials Insurance ----- ---------- ---------- -----------
Burlington Northern Santa DELETED Fe Industrials Railroads -------
----------- ----------- --------- S&P 500 INDEX - TBA
--------------------- GICS ECONOMIC GICS SUB- COMPANY SECTOR
INDUSTRY ------- ------------- --------- Property & Berkshire
Casualty ADDED Hathaway Financials Insurance ----- ----------
---------- ----------- Burlington Northern Santa DELETED Fe
Industrials Railroads ------- ----------- ----------- ---------
About Standard & Poor's Index Services Standard & Poor's
Index Services, the world's leading index provider, maintains a
wide variety of investable and benchmark indices to meet an array
of investor needs. Over $1 trillion is directly indexed to Standard
& Poor's family of indices, which includes the S&P 500, the
world's most followed stock market index, the S&P Global 1200,
a composite index comprised of seven regional and country headline
indices, the S&P Global BMI, an index with approximately 11,000
constituents, and the S&P GSCI, the industry's most closely
watched commodities index. For more information, please visit
http://www.standardandpoors.com/indices. About Standard &
Poor's Standard & Poor's, a subsidiary 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 offices in 23 countries and markets,
Standard & Poor's is an essential part of the world's financial
infrastructure and has played a leading role for nearly 150 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/.
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/
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