Standard & Poor's Announces Changes to U.S. Indices
NEW YORK, Sept. 27 /PRNewswire/ -- S&P will make the following changes to the S&P MidCap 400 and SmallCap 600 Indices:
- Rackspace Hosting Inc. (NYSE: RAX) will replace AmeriCredit Corp. (NYSE: ACF) in the S&P MidCap 400 after the close of trading on Thursday, September 30. AmeriCredit is being acquired by General Motors Holdings LLC in a deal expected to close on or about that date pending final approvals.
- S&P SmallCap 600 constituent Watsco Inc. (NYSE: WSO) will replace Hewitt Associates Inc. (NYSE: HEW) in the S&P MidCap 400, and Super Micro Computer Inc. (NASD: SMCI) will replace Watsco in the S&P SmallCap 600 after the close of trading on Friday, October 1. Hewitt Associates is being acquired by S&P 500 constituent Aon Corp. (NYSE: AON) in a deal expected to close on or about that date pending final approvals.
- Riverbed Technology Inc. (NASD: RVBD) will replace NBTY Inc. (NYSE: NTY) in the S&P MidCap 400 after the close of trading on a date to be announced. NBTY is being acquired by affiliates of The Carlyle Group in a deal expected to close soon, pending the completion of a marketing period.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Rackspace Hosting operates in the hosting and cloud computing industry. Headquartered in San Antonio, TX, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Internet Software & Services Sub-Industry index.
Watsco distributes air conditioning, heating, and refrigeration equipment and related parts and supplies. Headquartered in Coconut Grove, FL, the company will be added to the S&P MidCap 400 GICS Trading Companies & Distributors Sub-Industry index.
Super Micro Computer Inc. designs, develops, manufactures, and sells server solutions. Headquartered in San Jose, CA, the company will be added to the S&P SmallCap 600 GICS Computer Hardware Sub-Industry index.
Riverbed Technology provides solutions to the fundamental problems of wide-area distributed computing. Headquartered in San Francisco, CA, the company will be added to the S&P MidCap 400 GICS Communications Equipment Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – September 30, 2010 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
Rackspace Hosting |
Information Technology |
Internet Software & Services |
|
DELETED |
AmeriCredit |
Financials |
Consumer Finance |
|
S&P MIDCAP 400 INDEX – October 1, 2010 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
Watsco |
Industrials |
Trading Companies & Distributors |
|
DELETED |
Hewitt Associates |
Information Technology |
Data Processing & Outsourced Services |
|
S&P SMALLCAP 600 INDEX – October 1, 2010 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
Super Micro Computer |
Information Technology |
Computer Hardware |
|
DELETED |
Watsco |
Industrials |
Trading Companies & Distributors |
|
S&P MIDCAP 400 INDEX – TBA |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
Riverbed Technology |
Information Technology |
Communications Equipment |
|
DELETED |
NBTY |
Consumer Staples |
Personal Products |
|
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.
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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