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

NEW YORK, Feb. 16 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500 and S&P MidCap 400 indices after the close of trading on a date to be announced:

• Discovery Communications Inc. (NASD: DISCA) will replace Pepsi Bottling Group Inc. (NYSE: PBG) in the S&P 500 index.  

• Bally Technologies Inc. (NYSE: BYI) will replace PepsiAmericas Inc. (NYSE: PAS) in the S&P MidCap 400 index.

S&P 100 & 500 constituent PepsiCo. Inc. (NYSE: PEP) is acquiring Pepsi Bottling Group and PepsiAmericas in separate deals expected to be completed soon, pending final approvals.

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

Discovery Communications operates as a media and entertainment company. Headquartered in Silver Spring, MD, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Broadcasting Sub-Industry index.  

Bally Technologies designs, manufactures, operates and distributes slot and video machines to the gaming industry. Headquartered in Las Vegas, NV, the company will be added to the S&P MidCap 400 GICS Casinos & Gaming Sub-Industry index.  

Following is a summary of the changes:

    
    
                               S&P  500 INDEX  –  TBA
                               ----------------------
                                     
                  COMPANY       GICS ECONOMIC SECTOR   GICS SUB-INDUSTRY
                  -------       --------------------   -----------------
                 Discovery             Consumer
     ADDED    Communications         Discretionary        Broadcasting
     -----    ---------------   --------------------   -----------------
                   Pepsi
                  Bottling             Consumer
    DELETED        Group                Staples            Soft Drinks
    -------   ---------------   --------------------   -----------------
    

    
    
                            S&P  MIDCAP 400 INDEX  –  TBA
                            -----------------------------
                  COMPANY       GICS ECONOMIC SECTOR   GICS SUB-INDUSTRY
                  -------       --------------------   -----------------
    
                  Bally                Consumer            Casinos &
     ADDED    Technologies           Discretionary           Gaming
     -----    ---------------   --------------------   -----------------
                                       Consumer
    DELETED   PepsiAmericas             Staples            Soft Drinks
    -------   ---------------   --------------------   -----------------
    

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 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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