NEW YORK, Aug. 28 /PRNewswire/ -- S&P will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices: -- S&P MidCap 400 constituent Airgas Inc. (NYSE:ARG) will replace Cooper Industries Ltd. (NYSE:CBE) in the S&P 500, S&P SmallCap 600 constituent Kirby Corp. (NYSE:KEX) will replace Airgas in the S&P MidCap 400, and Exponent Inc. (NASDAQ:EXPO) will replace Kirby in the S&P SmallCap 600 after the close of trading on Tuesday, September 8. Cooper Industries is in the process of redomesticating to Ireland, rendering it ineligible for continued inclusion in the S&P 500. -- Encore Wire Corp. (NASDAQ:WIRE) will replace Axsys Technologies Inc. (NASDAQ:AXYS) in the S&P SmallCap 600 after the close of trading on a date to be announced. S&P 100 & 500 constituent General Dynamics Inc. (NYSE:GD) is acquiring Axsys in a transaction expected to close soon pending final approvals. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. Airgas Inc. is a distributor of industrial, medical and specialty gases and related equipment. Headquartered in Radnor, PA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Industrial Gases Sub-Industry index. Kirby Corp. is a marine transportation and diesel engine services company. Headquartered in Houston, TX, the company will be added to the S&P MidCap 400 GICS Marine Sub-Industry index. Exponent Inc. is a science and engineering consulting firm. Headquartered in Menlo Park, CA, the company will be added to the S&P SmallCap 600 GICS Research & Consulting Services Sub-Industry index. Encore Wire manufactures copper electrical building wire and cable. Headquartered in McKinney, TX, the company will be added to the S&P SmallCap 600 GICS Electrical Components & Equipment Sub-Industry index. Following is a summary of the changes: S&P 500 INDEX - September 8, 2009 -------------------------------------------------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY -------------------------------------------------------------------------- ADDED Airgas Materials Industrial Gases -------------------------------------------------------------------------- DELETED Cooper Industrials Electrical Components & Industries Equipment -------------------------------------------------------------------------- S&P MIDCAP 400 INDEX - September 8, 2009 -------------------------------------------------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY -------------------------------------------------------------------------- ADDED Kirby Industrials Marine -------------------------------------------------------------------------- DELETED Airgas Materials Industrial Gases -------------------------------------------------------------------------- S&P SMALLCAP 600 INDEX - September 8, 2009 -------------------------------------------------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY -------------------------------------------------------------------------- ADDED Exponent Industrials Research & Consulting Services -------------------------------------------------------------------------- DELETED Kirby Industrials Marine -------------------------------------------------------------------------- S&P SMALLCAP 600 INDEX - TBA -------------------------------------------------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY -------------------------------------------------------------------------- ADDED Encore Wire Industrials Electrical Components & Equipment -------------------------------------------------------------------------- DELETED Axsys Industrials Aerospace & Defense Technologies -------------------------------------------------------------------------- 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, Standard & Poor's +1-212-438-3907 Web Site: http://www.standardandpoors.com/

Copyright