NEW YORK, Dec. 1, 2010 /PRNewswire/ -- S&P will make the following changes to the S&P SmallCap 600 and MidCap 400 Indices:
- Texas Capital Bancshares Inc. (NASD: TCBI) will replace Rewards Network Inc. (NASD: DINE) in the S&P SmallCap 600 after the close of trading on Tuesday, December 7. Rewards Network is being acquired by Equity Group Investments in a deal expected to be completed soon, pending final conditions.
- Compass Minerals International Inc. (NYSE: CMP) will replace ADC Telecommunications Inc. (NASD: ADCT) in the S&P MidCap 400 after the close of trading on a date to be announced. S&P Total Market Index constituent Tyco Electronics Ltd. (NYSE: TEL) is acquiring ADC Telecommunications in a deal expected to be completed soon pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Texas Capital Bancshares provides various banking and financial services. Headquartered in Dallas, TX, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.
Compass Minerals International engages in the production and marketing of inorganic mineral products. Headquartered in Overland Park, KS, the company will be added to the S&P MidCap 400 GICS Diversified Metals & Mining Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – December 7, 2010
GICS ECONOMIC SECTOR
Texas Capital Bancshares
S&P MIDCAP 400 INDEX – TBA
GICS ECONOMIC SECTOR
Compass Minerals International
Diversified Metals & Mining
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For more information contact:
David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
SOURCE Standard & Poor's