News Corp. Set to Join S&P 500; Mallinckrodt, Apollo to Join S&P MidCap 400; Forest Oil, Tesco to Join S&P SmallCap 600

NEW YORK, June 20, 2013 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, MidCap 400 and SmallCap 600 indices:

• News Corp. (NASD: NWSAV) will replace Apollo Group Inc. (NASD: APOL) in the S&P 500, Apollo Group will replace Forest Oil Corp. (NYSE: FST) in the S&P MidCap 400, and Forest Oil will replace Enzo Biochem Inc. (NYSE: ENZ) in the S&P SmallCap 600 after the close of trading on Friday, June 28. S&P 100 & 500 constituent News Corp. (NASD: NWSA), which is changing its name to 21^st Century Fox, is spinning off  News Corp. in a transaction expected to be completed on or about that date. The renamed 21^st Century Fox will remain in the S&P 100 & 500 indices. Apollo Group's and Forest Oil's market capitalizations are more representative of the mid cap and small cap market spaces respectively. Enzo Biochem is ranked #599 in the S&P SmallCap 600 and is no longer appropriate for that index.
• Mallinckrodt plc (NYSE: MNKwi) will replace Tellabs Inc. (NASD: TLAB) in the S&P MidCap 400 after the close of trading on Friday, June 28. S&P 500 constituent Covidien plc (NYSE: COV) is spinning off Mallinckrodt in a transaction expected to be completed on or about that date. The Covidien stub will remain in the S&P 500. Tellabs' market cap is below $750 million and is no longer representative of the mid cap market space.
• Tesco Corp. (NASD: TESO) will replace CH Energy Group Inc. (NYSE: CHG) in the S&P SmallCap 600 after the close of trading on Wednesday, June 26. Fortis Inc. is acquiring CH Energy Group in a deal expected to be completed soon.

News Corp. businesses include newspapers, information services and integrated marketing services, digital real estate services, book publishing, digital education and sports programming and pay-tv distribution in Australia. Headquartered in New York, NY, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Publishing Sub-Industry index.

Apollo Group provides online and on-campus educational programs. Headquartered in Phoenix, AZ, the company will be added to the S&P MidCap 400 GICS Education Services Sub-Industry index.

Forest Oil engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids. Headquartered in Denver, CO, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Equipment & Services Sub-Industry index.

Mallinckrodt plc develops, manufactures, markets, and distributes pharmaceutical products. Headquartered in Dublin, Ireland, the company will be added to the S&P MidCap 400 GICS Pharmaceuticals Sub-Industry index.

Tesco engages in the design, manufacture, and service delivery of technology based solutions for the upstream energy industry. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Equipment & Services Sub-Industry index.

Following is a summary of the changes:

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

About S&P Dow Jones Indices

S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500^® and the Dow Jones Industrial Average^SM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, and their respective affiliates, parents, subsidiaries, directors, officers, shareholders, employees and agents (collectively "S&P Dow Jones Indices") does not sponsor, endorse, sell, or promote any investment fund or other vehicle that is offered by third parties and that seeks to provide an investment return based on the returns of any S&P Dow Jones Indices index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices or its affiliates do not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

STANDARD & POOR'S and S&P are registered trademarks of Standard & Poor's Financial Services LLC.  "Dow Jones" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones")

For more information:

Dave Guarino
Communications
S&P Dow Jones Indices
[email protected]
(212) 438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david.blitzer@ spdji.com
(212) 438-3907

SOURCE S&P Dow Jones Indices

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