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Standard & Poor's Announces Change to U.S. Index
NEW YORK, Dec. 23 /PRNewswire-FirstCall/ -- Silgan Holdings Inc. (Nasdaq: SLGN) will replace Marvel Entertainment Inc. (NYSE: MVL) in the S&P MidCap 400 after the close of trading on Thursday, December 31. Marvel is being acquired by S&P 100 & 500 constituent The Walt Disney Company (NYSE: DIS) in a deal expected to be completed on or about that date.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Silgan is a manufacturer of metal and plastic consumer goods packaging products. Headquartered in Stamford, CT, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Metal & Glass Containers Sub-Industry index.
Following is a summary of the change:
S&P MIDCAP 400 INDEX - December 31,
2009
--------------------------------------
GICS ECONOMIC GICS SUB-
COMPANY SECTOR INDUSTRY
------- ------------- ---------
Silgan Metal & Glass
ADDED Holdings Materials Containers
----- -------- --------- -------------
Marvel Consumer Movies &
DELETED Entertainment Discretionary Entertainment
------- ------------- ------------- -------------
For more information about S&P Indices, please visit www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for nearly 150 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
SOURCE Standard & Poor's
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