Standard & Poor's Announces Changes to U.S. Indices

NEW YORK, April 20, 2011 /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 Chipotle Mexican Grill Inc. (NYSE:CMG) will replace Novell Inc. (NASD:NOVL) in the S&P 500 index, and UTi Worldwide Inc. (NASD:UTIW) will replace Chipotle Mexican Grill in the S&P MidCap 400 index after the close of trading on a date to be announced. Novell is being acquired by a group of private equity firms in a transaction expected to be completed soon, pending final conditions.

• S&P SmallCap 600 constituent CARBO Ceramics Inc. (NYSE:CRR) will replace Beckman Coulter Inc. (NYSE:BEC) in the S&P MidCap 400 index, and Hawkins Inc. (NASD:HWKN) will replace Carbo Ceramics in the S&P SmallCap 600 index after the close of trading on Wednesday, April 27. Beckman Coulter is being acquired by S&P 500 constituent Danaher Corp. (NYSE:DHR) in a deal expected to be completed soon pending final conditions.

Standard & Poor's will monitor these transactions and post any relevant updates on its website: www.standardandpoors.com.  

Chipotle Mexican Grill develops and operates Mexican food restaurants. Headquartered in Denver, CO, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Restaurants Sub-Industry index.  

UTi Worldwide operates as a supply chain services and solutions company. Headquartered in Road Town, British Virgin Islands, the company will be added to the S&P MidCap 400 GICS Air Freight & Logistics Sub-Industry index.  

CARBO Ceramics manufactures and supplies ceramic proppants primarily used in the hydraulic fracturing of natural gas and oil wells. Headquartered in Houston, TX, the company will be added to the S&P MidCap 400 GICS Oil & Gas Equipment & Services Sub-Industry index.

Hawkins manufactures, blends, and distributes bulk and specialty chemicals. Headquartered in Minneapolis, MN, the company will be added to the S&P SmallCap 600 GICS Commodity Chemicals Sub-Industry index.

Following is a summary of the changes:

For more information about S&P Indices, please visit www.standardandpoors.com/indices.  

About S&P Indices

S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 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/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.

For more information contact:
David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907

SOURCE Standard & Poor's