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: www.standardandpoors.com. 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 & Engineering 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. Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research, data and valuations. With 5000 employees located in 20 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 www.standardandpoors.com. 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, BusinessWeek and McGraw-Hill Education. The Corporation has more than 322 offices in 33 countries. Sales in 2003 were $4.8 billion. Additional information is available at www.mcgraw-hill.com.
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