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

Oct 07, 2010, 18:19 ET from Standard & Poor's

NEW YORK, Oct. 7 /PRNewswire/ -- S&P will make the following changes to the S&P MidCap 400 and SmallCap 600 Indices:

  • Rofin-Sinar Technologies Inc. (Nasdaq: RSTI) will replace Cogent Inc. (Nasdaq: COGT) in the S&P SmallCap 600 after the close of trading on Tuesday, October 12. Cogent is being acquired by S&P 100 & 500 constituent 3M Co. (NYSE: MMM) in a deal expected to be completed soon, pending final approvals and conditions.
  • S&P SmallCap 600 constituent Dril-Quip Inc. (NYSE: DRQ) will replace Burger King Holdings Inc. (NYSE: BKC) in the S&P MidCap 400, and Atlantic Tele-Network Inc. (Nasdaq: ATNI) will replace Dril-Quip in the S&P SmallCap 600 after the close of trading on Thursday, October 14. 3G Capital is acquiring Burger King in a deal expected to be completed soon pending final approvals and conditions.

Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.

Rofin-Sinar Technologies Inc. engages in the design, development, engineering, manufacture, and marketing of industrial lasers and supplies. Headquartered in Plymouth, MI, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Electronic Equipment & Instruments Sub-Industry index.

Dril-Quip designs, manufactures, fabricates, inspects, assembles, tests, and markets engineered offshore drilling and production equipment. Headquartered in Houston, TX, the company will be added to the S&P MidCap 400 GICS Oil & Gas Equipment & Services Sub-Industry index.  

Atlantic Tele-Network provides telecommunications services. Headquartered in Beverly, MA, the company will be added to the S&P SmallCap 600 GICS Integrated Telecommunication Services Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX   –  October 12, 2010

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Rofin-Sinar Technologies

Information Technology

Electronic Equipment & Instruments

DELETED

Cogent

Information Technology

Electronic Equipment & Instruments

S&P   MIDCAP 400 INDEX   –  October 14, 2010

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Dril-Quip

Energy

Oil & Gas Equipment & Services

DELETED

Burger King Holdings

Consumer Discretionary

Restaurants

S&P   SMALLCAP 600 INDEX   –  October 14, 2010

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Atlantic Tele-Network

Telecommunciation Services

Integrated Telecommunication Services

DELETED

Dril-Quip

Energy

Oil & Gas Equipment & Services

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 $1.25 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 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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