S&P Indices Announces Change to U.S. Index

NEW YORK, Oct. 11, 2011 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) will replace Cephalon Inc. (NASD: CEPH) in the S&P 500 index after the close of trading on Friday, October 14. Cephalon is being acquired by Teva Pharmaceutical Industries Ltd. (NASD: TEVA) in a deal expected to be completed on or about that date pending final approvals.

S&P Indices will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.  

TE Connectivity is a provider of engineered electronic components, network solutions, specialty products, and subsea communication systems. Headquartered in Schaffhausen, Switzerland, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Electronic Manufacturing Services Sub-Industry index.

Following is a summary of the change:

S&P 500 INDEX  – October 14, 2011
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	TE Connectivity	Information Technology	Electronic Manufacturing Services
DELETED	Cephalon	Health Care	Biotechnology

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

About S&P Indices

S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: MHP), 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

[phone]

SOURCE Standard & Poor's

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