Standard & Poor's Announces Change to U.S. Indices

Dec 01, 2010, 18:08 ET from Standard & Poor's

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

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Texas Capital Bancshares

Financials

Regional Banks

DELETED

Rewards Network

Financials

Consumer Finance

S&P  MIDCAP 400 INDEX  – TBA

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Compass Minerals International

Materials

Diversified Metals & Mining

DELETED

ADC Telecommunications

Information Technology

Communications Equipment

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

About S&P Indices

S&P Indices, a part of McGraw-Hill Financial, is the world's leading index provider maintaining a wide variety of investable and benchmark indices. 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.

About McGraw-Hill Financial

McGraw-Hill Financial, a part of The McGraw-Hill Companies (NYSE: MHP), is a leading provider of research and analytical tools for investment advisors, wealth managers and institutional investors. It deploys the latest innovative technology strategies to deliver to customers a portfolio of cross-asset analytics, integrated desktop services, valuation and index benchmarks and investment recommendations in the rapidly growing $16 billion financial information, data and analytics market.

For more information contact:

David M. Blitzer, Ph.D.

Managing Director & Chairman of the Index Committee

(212) 438-3907

SOURCE Standard & Poor's



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