Standard & Poor's Announces Change to U.S. Index
NEW YORK, Jan. 25 /PRNewswire/ -- Ticketmaster Entertainment Inc. (Nasdaq: TKTM) will be removed from the S&P SmallCap 600 index after the close of trading tomorrow, Tuesday, January, 26. Ticketmaster Entertainment is being acquired by S&P SmallCap 600 constituent Live Nation Inc. (NYSE: LYV) in a deal expected to be completed on or about that date.
Ticketmaster Entertainment's place in the S&P SmallCap 600 index will be taken by NCI Inc. (Nasdaq: NCIT) after the close of trading on Monday, February 1. The index will trade with 599 constituents until that time.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
NCI provides information technology, engineering, and professional services and solutions. Headquartered in Reston, VA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) IT Consulting & Other Services Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – January 26, 2010 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
DELETED |
Ticketmaster Entertainment |
Consumer Discretionary |
Internet Retail |
|
S&P SMALLCAP 600 INDEX – February 1, 2010 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
NCI |
Information Technology |
IT Consulting & Other Services |
|
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 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 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.
SOURCE Standard & Poor's
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