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Standard & Poor's Announces Change to U.S. Index
NEW YORK, May 20 /PRNewswire/ -- S&P will remove Zenith National Insurance Co. (NYSE: ZNT) from the S&P SmallCap 600 index after the close of trading tomorrow, Friday, May 21. Fairfax Financial Holdings Limited (not in the S&P Total Market Index) acquired Zenith National in a cash deal completed today.
DG FastChannel Inc. (NASD: DGIT) will take Zenith National's place in the S&P SmallCap 600 after the close of trading on Thursday, May 27. The index will trade with 599 constituents until that time.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
DG FastChannel provides digital technology services that enable the electronic delivery of advertisements, syndicated programs, and video news releases to traditional broadcasters, online publishers, and other media outlets Headquartered in Irving, TX, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Communications Equipment Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – May 21, 2010 | ||||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | ||
DELETED | Zenith National Insurance | Financials | Property & Casualty Insurance | |
S&P SMALLCAP 600 INDEX – May 27, 2010 | ||||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | ||
ADDED | DG FastChannel | Information Technology | Communications Equipment | |
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 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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