S&P Indices Announces Changes to U.S. Indices

NEW YORK, Dec. 8, 2011 /PRNewswire/ -- S&P Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:

• S&P MidCap 400 constituent AGL Resources Inc. (NYSE: AGL) will replace Nicor Inc. (NYSE: GAS) in the S&P 500 index, S&P SmallCap 600 constituent HSN Inc. (NASD: HSNI) will replace AGL Resources in the S&P MidCap 400 index, and EnerSys (NYSE:ENS) will replace HSN in the S&P SmallCap 600 index after the close of trading on Monday, December 12. AGL Resources is acquiring Nicor in a deal expected to be completed before that date, pending final conditions.

• To ensure each index more appropriately represents its market capitalization range, S&P will make the following index adjustments effective after the close of trading on Friday, December 16:

S&P MidCap 400 constituent BorgWarner Inc. (NYSE: BWA) will replace AK Steel Holding Corp. (NYSE: AKS) in the S&P 500 index, AK Steel Holding will replace Regeneron Pharmaceuticals Inc. (NASD: REGN) in the S&P SmallCap 600 index, and Regeneron Pharmaceuticals will replace BorgWarner in the S&P MidCap 400 index.

S&P MidCap 400 constituents Perrigo Co. (NASD: PRGO) and Dollar Tree Inc. (NASD: DLTR) will replace Monster Worldwide Inc. (NYSE: MWW) and MEMC Electronic Materials Inc. (NYSE: WFR) in the S&P 500 index, and Monster Worldwide and MEMC Electronic Materials will replace Perrigo and Dollar Tree in the S&P MidCap 400 index.

S&P SmallCap 600 constituents HMS Holdings Corp. (NASD: HMSY), World Fuel Services Corp. (NYSE: INT) and CLARCOR Inc. (NYSE: CLC) will replace The Ryland Group Inc. (NYSE: RYL), Cousins Properties Inc. (NYSE: CUZ) and Career Education Corp. (NASD: CECO) in the S&P MidCap 400 index, and The Ryland Group, Cousins Properties and Career Education will replace HMS Holdings, World Fuel Services and CLARCOR in the S&P SmallCap 600 index.

S&P Indices will post any relevant updates on its website: www.standardandpoors.com.

AGL Resources is an energy services company. Headquartered in Atlanta, GA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Gas Utilities Sub-Industry index.

HSN markets and sells a range of third party and private label merchandise. Headquartered in St. Petersburg, FL, the company will be added to the S&P MidCap 400 GICS Catalog Retail Sub-Industry index.

EnerSys manufactures, markets, and distributes industrial batteries. Headquartered in Reading, PA, the company will be added to the S&P SmallCap 600 GICS Electrical Components & Equipment Sub-Industry index.

BorgWarner engages in the manufacture and sale of engineered automotive systems and components. Headquartered in Auburn Hills, MI, the company will be added to the S&P 500 GICS Auto Parts & Equipment Sub-Industry index.

AK Steel Holding produces flat-rolled carbon, stainless and electrical steels, and tubular products. Headquartered in West Chester, OH, the company will be added to the S&P SmallCap 600 GICS Steel Sub-Industry index.

Regeneron Pharmaceuticals discovers, develops, and commercializes pharmaceutical products.  Headquartered in Tarrytown, NY, the company will be added to the S&P MidCap 400 GICS Biotechnology Sub-Industry index.

Perrigo develops, manufactures, and distributes over-the-counter and generic prescription pharmaceuticals, infant formulas, nutritional products, and active pharmaceutical ingredients.  Headquartered in Allegan, MI, the company will be added to the S&P 500 GICS Pharmaceuticals Sub-Industry index.

Dollar Tree operates discount variety stores. Headquartered in Chesapeake, VA, the company will be added to the S&P 500 GICS General Merchandise Stores Sub-Industry index.

MEMC Electronic Materials engages in the development, manufacture, and sale of silicon wafers. Headquartered in St. Peters, MO, the company will be added to the S&P MidCap 400 GICS Semiconductor Equipment Sub-Industry index.

Monster Worldwide provides online employment solutions. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS Internet Software & Services Sub-Industry index.

HMS Holdings Corp. provides cost containment, coordination of benefits, and program integrity services.  Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS Health Care Services Sub-Industry index.

World Fuel Services is a fuel logistics company. Headquartered in Miami, FL, the company will be added to the S&P MidCap 400 GICS Oil & Gas Refining & Marketing Sub-Industry index.

CLARCOR provide filtration products, filtration systems and services, and consumer and industrial packaging products. Headquartered in Franklin, TN, the company will be added to the S&P MidCap 400 GICS Industrial Machinery Sub-Industry index.

The Ryland Group operates as a homebuilder and a mortgage-finance company.  Headquartered in Westlake Village, CA, the company will be added to the S&P SmallCap 600 GICS Homebuilding Sub-Industry index.

Cousins Properties, a real estate investment trust (REIT), owns, develops, and manages office and retail properties. Headquartered in St. Peters, MO, the company will be added to the S&P SmallCap 600 GICS Diversified REITs Sub-Industry index.

Career Education operates colleges, schools, and universities. Headquartered in Schaumburg, IL, the company will be added to the S&P SmallCap 600 GICS Education Services Sub-Industry index.

Following is a summary of the changes:

For more information about S&P Indices, please visit www.standardandpoors.com/indices.

About S&P Indices

S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 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/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.

For more information contact:

David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907

SOURCE S&P Indices