Standard & Poor's Announces Change to U.S. Index
28 November 2007 - 12:17AM
PR Newswire (US)
NEW YORK, Nov. 27 /PRNewswire/ -- S&P REIT Composite
constituent Alexandria Real Estate Equities Inc. (NYSE:ARE) will
replace Sequa Corp. (NYSE:SQA.A) in the S&P MidCap 400 after
the close of trading on Friday, November 30. Sequa is being
acquired by The Carlyle Group in a deal that is expected to close
on or about that date, pending final approvals. Standard &
Poor's will monitor this transaction, and post any relevant updates
on its website: http://www.standardandpoors.com/. Alexandria Real
Estate Equities is a REIT that engages in the ownership, operation,
management, development, acquisition, and redevelopment of
properties for the life sciences industry. Headquartered in
Pasadena, CA, the company will be added to the S&P MidCap 400
GICS (Global Industry Classification Standard) Office REITs
Sub-Industry index. Following is a summary of the change: S&P
MIDCAP 400 INDEX - November 30, 2007 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED Alexandria Real Financials Office REITs
Estate Equities DELETED Sequa Industrials Industrial Conglomerates
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 8,500 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 (NYSE:MHP) 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 280 offices in 40 countries. Sales in
2006 were $6.3 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 +1-212-438-3907 Web site:
http://www.standardandpoors.com/ http://www.mcgraw-hill.com/
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