Standard & Poor's Announces Changes to U.S. Indices
NEW YORK, April 7 /PRNewswire/ --S&P SmallCap 600 constituent NewMarket Corp. (NYSE: NEU) will replace 3Com Corp (Nasdaq: COMS) in the S&P MidCap 400 index, and Dolan Media Co. (NYSE: DM) will replace NewMarket in the S&P SmallCap 600 index after the close of trading on Monday, April 12. 3Com is being acquired by S&P 100 & 500 constituent Hewlett-Packard Co. (NYSE: HPQ) 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.
NewMarket engages in the petroleum additives and real estate development businesses. Headquartered in Richmond, VA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Specialty Chemicals Sub-Industry index.
Dolan Media provides professional services and business information services to the legal, financial, and real estate sectors. Headquartered in Minneapolis, MN, the company will be added to the S&P SmallCap 600 GICS Publishing Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – April 12, 2010 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
NewMarket |
Materials |
Specialty Chemicals |
|
DELETED |
3Com |
Information Technology |
Communications Equipment |
|
S&P SMALL CAP 600 INDEX – April 12, 2010 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
Dolan Media |
Consumer Discretionary |
Publishing |
|
DELETED |
NewMarket |
Materials |
Specialty Chemicals |
|
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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