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Standard & Poor's Announces Changes to U.S. Indices
NEW YORK, June 22 /PRNewswire/ -- Standard & Poor's will make the following
changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
* S&P MidCap 400 constituent D.R. Horton Inc. (NYSE:DHI) will replace
Veritas Software Corp. (NASD: VRTS) in the S&P 500 after the close of
trading on a date to be announced. Veritas Software is being acquired
by S&P 500 constituent Symantec Corp. (NASD: SYMC) in a deal that is
still subject to final approvals. Macerich Co. (NYSE:MAC) will replace
D.R. Horton in the S&P MidCap 400.
* TreeHouse Foods Inc. (NYSE:THSwi) will replace OCA Inc. (NYSE:OCA) in
the S&P SmallCap 600 after the close of trading on Monday, June 27.
TreeHouse Foods is being spun off by Dean Foods Co. (NYSE:DF), which
will remain in the S&P MidCap 400. OCA has traded below $1.00 per share
for more than five consecutive days.
Standard & Poor's will monitor these transactions, and post any relevant
updates on its website: http://www.standardandpoors.com/.
D.R. Horton builds and sells single-family homes. Headquartered in Fort Worth,
TX, the company will be added to the S&P 500 GICS (Global Industry
Classification Standard) Homebuilding Sub-Industry Index.
Macerich owns and manages a portfolio of regional shopping and community
centers throughout the U.S. Headquartered in Santa Monica, CA, the company
will be added to the S&P MidCap 400 GICS Real Estate Investment Trusts Sub-
Industry Index.
TreeHouse is a food manufacturer servicing primarily the retail grocery and
foodservice channels. Headquartered in Downers Grove, IL, the company will be
added to the S&P SmallCap 600 GICS Packaged Foods & Meats Sub-Industry Index.
Following is a summary of the changes:
S&P 500 INDEX -- TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED D.R. Horton Consumer Discretionary Homebuilding
DELETED Veritas Software Information Technology Systems Software
S&P MIDCAP 400 INDEX -- TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Macerich Financials Real Estate
Investment Trusts
DELETED D.R. Horton Consumer Discretionary Homebuilding
S&P SMALLCAP 600 INDEX -- June 27, 2005
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED TreeHouse Foods Consumer Staples Packaged Foods & Meats
DELETED OCA Health Care Health Care Services
Additions to and deletions from an S&P equity index do not in any way reflect
an opinion on the investment merits of the companies concerned.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the
world's foremost provider of independent credit ratings, indices, risk
evaluation, investment research, data and valuations. With 6,000 employees in
21 countries, Standard & Poor's is an essential part of the world's financial
infrastructure, and has played a leading role for more than 140 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/.
Founded in 1888, The McGraw-Hill Companies is a leading global information
services provider meeting worldwide needs in the financial services, education
and business information markets through leading brands such as Standard &
Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has more than
290 offices in 37 countries. Sales in 2004 were $5.3 billion. Additional
information is available at http://www.mcgraw-hill.com/.
DATASOURCE: Standard & Poor's
CONTACT: David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907
Web site: http://www.standardandpoors.com/
http://www.mcgraw-hill.com/