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

Mar 01, 2011, 17:55 ET from Standard & Poor's

NEW YORK, March 1, 2011 /PRNewswire/ -- S&P SmallCap 600 constituent Varian Semiconductor Equipment Associates Inc. (Nasdaq: VSEA) will replace J.Crew Group Inc. (NYSE: JCG) in the S&P MidCap 400 index, and Prestige Brands Holdings Inc. (NYSE: PBH) will replace Varian Semiconductor Equipment Associates in the S&P SmallCap 600 after the close of trading on Friday, March 4, 2011. J. Crew is being acquired by affiliates of private equity firm TPG Capital in a deal expected to close soon.

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

Varian Semiconductor Equipment Associates designs, manufactures, markets, and services semiconductor processing equipment. Headquartered in Gloucester, MA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Semiconductor Equipment Sub-Industry index.

Prestige Brands markets, sells and distributes over-the-counter healthcare and household cleaning products. Headquartered in Irvington, NY, the company will be added to the S&P SmallCap 600 GICS Personal Products Sub-Industry index.  

Following is a summary of the changes:

S&P MIDCAP 400 INDEX  – March 4, 2011

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Varian Semiconductor Equipment Associates

Information Technology

Semiconductor Equipment

DELETED

J. Crew

Consumer Discretionary

Apparel Retail

S&P SMALLCAP 600 INDEX  – March 4, 2011

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Prestige Brands Holdings

Consumer Staples

Personal Products

DELETED

Varian Semiconductor Equipment Associates

Information Technology

Semiconductor Equipment

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

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.

For more information contact:

David M. Blitzer, Ph.D.

Managing Director & Chairman of the Index Committee

(212) 438-3907

SOURCE Standard & Poor's



RELATED LINKS

http://www.standardandpoors.com