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

Mar 11, 2011, 18:08 ET from Standard & Poor's

NEW YORK, March 11, 2011 /PRNewswire/ -- S&P will make the following changes to S&P 100 & S&P SmallCap 600 Indices after the close of trading on Friday, March 18:

  • S&P 500 constituents Visa Inc. (NYSE: V), Union Pacific Corp. (NYSE: UNP), Emerson Electric Co. (NYSE: EMR), and Apache Corp. (NYSE: APA) will replace S&P 500 constituents Campbell Soup Co. (NYSE: CPB), Sara Lee Corp. (NYSE: SLE), Regions Financial Corp. (NYSE: RF) and NYSE Euronext Inc. (NYSE: NYX) in the S&P 100 index. All companies being removed from the S&P 100 index will remain in the S&P 500 index. All companies being added to the S&P 100 index are more representative of the U.S. mega-cap equity space.
  • Meadowbrook Insurance Group Inc. (NYSE: MIG) will replace Jo-Ann Stores Inc. (NYSE: JAS) in the S&P SmallCap 600 index. Private equity firm Leonard Green & Partners, L.P. is acquiring Jo-Ann Stores in a deal expected to be completed on or about March 18.

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

Visa is headquartered in San Francisco, CA.

Union Pacific is headquartered in Omaha, NE.

Emerson Electric is headquartered in St. Louis, MO.

Apache is headquartered in Houston, TX.

Meadowbrook Insurance Group operates as a specialty insurance underwriter and insurance administration services company. Headquartered in Southfield, MI, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Property & Casualty Insurance Sub-Industry index.  

Following is a summary of the changes:

S&P  100 INDEX  – March 18, 2011

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Visa

Information Technology

Data Processing & Outsourced Services

Union Pacific

Industrials

Railroads

Emerson Electric

Industrials

Electrical Components & Equipment

Apache

Energy

Oil & Gas Exploration & Production

DELETED

Campbell Soup

Consumer Staples

Packaged Foods & Meats

Sara Lee

Consumer Staples

Packaged Foods & Meats

Regions Financial

Financials

Regional Banks

NYSE Euronext

Financials

Specialized Finance

S&P  SMALLCAP 600 INDEX  – March 18, 2011

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Meadowbrook Insurance Group

Financials

Property & Casualty Insurance

DELETED

Jo-Ann Stores

Consumer Discretionary

Specialty Stores

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



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