NEW YORK, April 7, 2011 /PRNewswire/ -- S&P SmallCap 600 constituent Oil States International Inc. (NYSE: OIS) will replace NewAlliance Bancshares Inc. (NYSE: NAL) in the S&P MidCap 400 index, and LivePerson Inc. (NASD: LPSN) will replace Oil States International in the S&P SmallCap 600 index after the close of trading on Thursday, April 14, 2011. S&P MidCap 400 constituent First Niagara Financial Group Inc. (NASD: FNFG) is acquiring NewAlliance in a deal expected to be completed on or about that date pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Oil States International provides specialty products and services to the oil and gas drilling and production companies. Headquartered in Houston, TX, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Oil & Gas Equipment & Services Sub-Industry index.
LivePerson provides online engagement solutions that facilitate real-time assistance and advice. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Internet Software & Services Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – April 14, 2011 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
Oil States International |
Energy |
Oil & Gas Equipment & Services |
|
DELETED |
NewAlliance |
Financials |
Thrifts & Mortgage Finance |
|
S&P SMALLCAP 600 INDEX – April 14, 2011 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
LivePerson |
Information Technology |
Internet Software & Services |
|
DELETED |
Oil States International |
Energy |
Oil & Gas Equipment & Services |
|
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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