NEW YORK, Sept. 24 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices:
-- InterContinental Exchange Inc. (NYSE:ICE) will be added to the S&P 500 after the close of trading on Tuesday, September 25. It will take the place of First Data Corp. (NYSE:FDC), which was removed from the S&P 500 after today's close of trading pursuant to its completed acquisition by Kohlberg Kravis Roberts & Co. -- Tesoro Corp. (NYSE:TSO) will replace Maxim Integrated Products Inc. (NASDAQ:MXIM) in the S&P 500 after the close of trading on Wednesday, September 26. Maxim is scheduled to be delisted by the NASDAQ exchange after the close of trading on or about that date. -- Teradata Corp. will replace NCR Corp. (NYSE:NCR) in the S&P 500 and NCR Corp. will replace Beazer Homes USA Inc. (NYSE:BZH) in the S&P MidCap 400 after the close of trading on Friday, September 28. Teradata is being spun off by NCR Corp. in a transaction expected to close on or about that date. At today's close of trading, Beazer had a market capitalization of approximately $354 million, ranking 400th in the index. -- Expedia Inc. (NASDAQ:EXPE) will replace Solectron Corp. (NYSE:SLR) in the S&P 500 after the close of trading on Monday, October 1. Solectron is being acquired by Flextronics International Ltd. (NASDAQ:FLEX) in a deal expected to close on or about that date, pending final approvals. -- optionsXpress Holdings Inc. (NASDAQ:OXPS) will replace RARE Hospitality International Inc. (NASDAQ:RARE) in the S&P SmallCap 600 after the close of trading on Friday, September 28. RARE Hospitality is being acquired by S&P 500 constituent Darden Restaurants Inc. (NYSE:DRI) 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: www.standardandpoors.com.
InterContinental Exchange owns and operates an Internet-based global electronic marketplace. Headquartered in Atlanta, GA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialized Finance Sub-Industry index.
Tesoro engages in refining and marketing petroleum products in the United States. Headquartered in San Antonio, TX, the company will be added to the S&P 500 GICS Oil & Gas Refining & Marketing Sub-Industry index.
Teradata provides data warehousing solutions for its customers. Headquartered in Duluth, GA, the company will be added to the S&P 500 GICS Computer Hardware Sub-Industry index.
Expedia operates as an online travel company. Headquartered in Bellevue, WA, the company will be added to the S&P 500 GICS Internet Retail Sub-Industry index.
NCR provides technology and services that help businesses to interact, connect, and relate with their customers. Headquartered in Dayton, OH, the company will be added to the S&P MidCap 400 GICS Computer Hardware Sub- Industry index.
optionsXpress offers an online retail platform that provides brokerage services. Headquartered in Chicago, IL, the company will be added to the S&P SmallCap 600 GICS Investment Banking & Brokerage Sub-Industry index.
Following is a summary of the changes: S&P 500 INDEX - September 24, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY DELETED First Data Information Technology Processing & Data Outsourced Services S&P 500 INDEX - September 25, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED InterContinental Financials Specialized Exchange Finance S&P 500 INDEX - September 26, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Tesoro Energy Oil & Gas Refining & Marketing DELETED Maxim Information Technology Semiconductors Integrated Products S&P 500 INDEX - September 28, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Teradata Information Technology Computer Hardware DELETED NCR Information Technology Computer Hardware S&P 500 INDEX - October 1, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Expedia Consumer Discretionary Internet Retail DELETED Solectron Information Technology Electronic Manufacturing Services S&P MIDCAP 400 INDEX - September 28, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED NCR Information Technology Computer Hardware DELETED Beazer Homes Consumer Discretionary Homebuilding S&P SMALLCAP 600 INDEX - September 28, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED optionsXpress Financials Investment Holdings Banking & Brokerage DELETED RARE Consumer Discretionary Restaurants Hospitality International
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.
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Source: Standard & Poor's