NEW YORK, Dec. 13, 2010 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600 index:
- The Great Atlantic & Pacific Tea Company Inc. (NYSE: GAP) will be removed from the S&P SmallCap 600 index after the close of trading on Tuesday, December 14. The company has filed for Chapter 11 bankruptcy protection.
Great Atlantic & Pacific Tea Company's place in the S&P SmallCap 600 will be taken by Saul Centers Inc. (NYSE: BFS) after the close of trading on Friday, December 17. The index will trade with 599 constituents until that time.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Saul Centers is a REIT that operates and manages shopping center and office properties. Headquartered in Bethesda, MD, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Retail REITs Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – December 14, 2010
GICS ECONOMIC SECTOR
Great Atlantic & Pacific Tea Company
S&P SMALLCAP 600 INDEX – December 17, 2010
GICS ECONOMIC SECTOR
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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David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
SOURCE Standard & Poor's