NEW YORK, April 22 /PRNewswire/ -- Hibbett Sporting Goods Inc.
(Nasdaq: HIBB) will replace Butler Manufacturing Co. (NYSE: BBR) in the S&P
SmallCap 600 Index after the close of trading on Tuesday, April 27, 2004.
Butler Manufacturing is being acquired by S&P Global 1200 constituent
BlueScope Steel Ltd. in a transaction anticipated to close on or about that
date. The deal is still pending shareholder approval. Standard & Poor's will
monitor this transaction, and post any relevant updates on its website:
Hibbett Sporting Goods operates full-line athletic sporting goods stores in
small- to mid-sized markets, predominantly in the southeast. The company,
headquartered in Birmingham, AL, will be added to the S&P SmallCap 600 GICS
(Global Industry Classification Standard) Specialty Stores Sub-Industry Index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX - April 27, 2004
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Hibbett Sporting Goods Consumer Discretionary Specialty Stores
DELETED Butler Manufacturing Industrials Construction &
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