Standard & Poor's Announces Change to U.S. Index

NEW YORK, Sept. 7, 2011 /PRNewswire/ -- VeriFone Systems Inc. (NYSE: PAY) will replace The Timberland Company (NYSE: TBL) in the S&P MidCap 400 index after the close of trading on Tuesday, September 13, 2011. Timberland is being acquired by S&P 500 constituent V.F. Corp. (NYSE: VFC) in a deal expected to be completed on or about that date pending final approvals.

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

VeriFone Systems designs, markets, and services electronic payment solutions. Headquartered in San Jose, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Data Processing & Outsourced Services Sub-Industry index.

Following is a summary of the change:

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

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