Standard & Poor's Announces Changes to U.S. Indices
NEW YORK, July 14 /PRNewswire/ -- S&P will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 Indices:
- Interactive Brokers Group Inc. (NASD: IBKR) will replace CyberSource Corp. (NASD: CYBS) in the S&P SmallCap 600 after the close of trading on Tuesday, July 20. CyberSource is being acquired by S&P 500 constituent Visa Inc. (NYSE: V) in a deal expected to close on or about that date pending final approvals.
- S&P SmallCap 600 constituent Skyworks Solutions Inc. (NASD: SWKS) will replace Sybase Inc. (NYSE: SY) in the S&P MidCap 400, and The Ensign Group Inc. (NASD: ENSG) will replace Skyworks Solutions in the S&P SmallCap 600 index after the close of trading on a date to be announced. Sybase is being acquired by S&P Global 1200 constituent SAP AG in a deal expected to close soon, pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Interactive Brokers Group operates as an automated global electronic market maker and broker. Headquartered in Greenwich, CT, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Specialized Finance Sub-Industry index.
Skyworks Solutions offers analog and mixed signal semiconductors. Headquartered in Woburn, MA, the company will be added to the S&P MidCap 400 GICS Semiconductors Sub-Industry index.
The Ensign Group provides nursing and rehabilitative care services. Headquartered in Mission Viejo, CA, the company will be added to the S&P SmallCap 600 GICS Health Care Facilities Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – July 20, 2010 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
Interactive Brokers Group |
Financials |
Specialized Finance |
|
DELETED |
CyberSource |
Information Technology |
Data Processing & Outsourced Services |
|
S&P MIDCAP 400 INDEX – TBA |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
Skyworks Solutions |
Information Technology |
Semiconductors |
|
DELETED |
Sybase |
Information Technology |
Systems Software |
|
S&P SMALLCAP 600 INDEX – TBA |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
The Ensign Group |
Health Care |
Health Care Facilities |
|
DELETED |
Skyworks Solutions |
Information Technology |
Semiconductors |
|
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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