Standard & Poor's Announces Changes to U.S. Indices
22 November 2006 - 12:14AM
PR Newswire (US)
NEW YORK, Nov. 21 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 100, S&P 500, S&P
MidCap 400, S&P SmallCap 600, and S&P REIT Composite
indices: * S&P 500 constituent ConocoPhillips (NYSE:COP) will
replace Lucent Technologies Inc. (NYSE:LU) in the S&P 100 and
IAC/InterActiveCorp (NASD:IACI) will replace Lucent Technologies in
the S&P 500 after the close of trading on Thursday, November
30. Lucent is being acquired by S&P Global 1200 constituent
Alcatel in a deal expected to close on or about that date, pending
final approvals. * S&P 500 constituent Capital One Financial
Corp. (NYSE:COF) will replace OfficeMax Inc. (NYSE:OMX) in the
S&P 100, S&P MidCap 400 constituent Questar Corp.
(NYSE:STR) will replace North Fork Bancorporation, Inc. (NYSE:NFB)
in the S&P 500, and ValueClick Inc. (NASD:VCLK) will replace
Questar Corp. in the S&P MidCap 400 after the close of trading
on Thursday, November 30. North Fork is being acquired by Capital
One in a deal expected to close on or about that date, pending
final approvals. At today's close of trading, OfficeMax had a
market capitalization of approximately $3.6 billion, ranking 100th
in the S&P 100. * DirecTV Group Inc. (NYSE:DTV) will replace
Freescale Semiconductor Inc. (NYSE:FSL.B) in the S&P 500 after
the close of trading on a date to be announced. Freescale is being
acquired by a consortium of private equity firms led by The
Blackstone Group in a deal that is still pending final approvals. *
Cascade Bancorp Inc. (NASD:CACB) will replace Glenborough Realty
Trust Inc. (NYSE:GLB) in the S&P SmallCap 600 and Diamondrock
Hospitality Co. (NYSE:DRH) will replace Glenborough in the S&P
REIT Composite after the close of trading on Wednesday, November
29. Glenborough is being acquired by certain funds managed by
Morgan Stanley Real Estate in a deal expected to close on or about
that date, pending final approvals. Standard & Poor's will
monitor these transactions, and post any relevant updates on its
website: http://www.standardandpoors.com/. ConocoPhillips is an
integrated oil and gas company. Capital One offers various consumer
financial products and services. IAC/InterActiveCorp is an
interactive commerce and content company. Headquartered in New
York, NY, the company will be added to the S&P 500 GICS
Internet Retail Sub-Industry index. Questar is a natural
gas-focused energy company. Headquartered in Salt Lake City, UT,
the company will be added to the S&P 500 GICS Gas Utilities
Sub-Industry index. DirecTV is a leading provider of direct
broadcast satellite television service. Headquartered in El
Segundo, CA, the company will be added to the S&P 500 GICS
Broadcasting & Cable TV Sub-Industry index. ValueClick provides
Internet advertising solutions for publishers of Web sites and
online advertisers. Headquartered in Westlake Village, CA, the
company will be added to the S&P MidCap 400 GICS Internet
Software & Services Sub-Industry index. Cascade provides
commercial and retail banking services. Headquartered in Bend, OR,
the company will be added to the S&P SmallCap 600 GICS Regional
Banks Sub-Industry index. Diamondrock is a REIT that owns,
acquires, and invests in upscale hotel properties. Headquartered in
Bethesda, MD, the company will be added to the S&P REIT
Composite GICS Specialized REITs sub-industry. Following is a
summary of the changes: S&P 100 INDEX - November 30, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED ConocoPhillips
Energy Integrated Oil & Gas Capital One Financials Consumer
Finance DELETED Lucent Information Technology Communications
Equipment OfficeMax Consumer Discretionary Specialty Stores S&P
500 INDEX - November 30, 2006 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED IAC/InterActiveCorp Consumer Discretionary
Internet Retail Questar Utilities Gas Utilities DELETED Lucent
Information Technology Communications Equipment North Fork
Financials Regional Banks S&P 500 INDEX - To Be Announced
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED DirecTV
Consumer Discretionary Broadcasting & Cable TV DELETED
Freescale Information Technology Semiconductors S&P MIDCAP 400
INDEX - November 30, 2006 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED ValueClick Information Technology Internet
Software & Services DELETED Questar Utilities Gas Utilities
S&P SMALLCAP 600 INDEX - November 29, 2006 COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Cascade Financials Regional
Banks DELETED Glenborough Financials Office REITs S&P REIT
COMPOSITE INDEX - November 29, 2006 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED DiamondRock Financials Specialized REITs
DELETED Glenborough Financials Office REITs Additions to and
deletions from an S&P equity index do not in any way reflect an
opinion on the investment merits of the companies concerned. About
Standard & Poor's Standard & Poor's, a division of The
McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider
of financial market intelligence, including independent credit
ratings, indices, risk evaluation, investment research and data.
With approximately 7,500 employees, including wholly owned
affiliates, located in 21 countries, Standard & Poor's is an
essential part of the world's financial infrastructure and has
played a leading role for more than 140 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/. About The
McGraw-Hill Companies: Founded in 1888, The McGraw-Hill Companies
is a leading global information services provider meeting worldwide
needs in the financial services, education and business information
markets through leading brands such as Standard & Poor's,
McGraw-Hill Education, BusinessWeek and J.D. Power and Associates.
The Corporation has more than 240 offices in 36 countries. Sales in
2005 were $6.0 billion. Additional information is available at
http://www.mcgraw-hill.com/. DATASOURCE: Standard & Poor's
CONTACT: David M. Blitzer, Ph.D. Managing Director & Chairman
of the Index Committee (212) 438-3907 Web site:
http://www.standardandpoors.com/ http://www.mcgraw-hill.com/
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