Harbor Florida Bancshares (NASDAQ:HARB)
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NEW YORK, Jan. 25 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
* VeriSign Inc. (NASDAQ:VRSN) will replace Reebok International Ltd.
(NYSE:RBK) in the S&P 500 after the close of trading on Tuesday,
January 31. Reebok is being acquired by S&P Global 1200 constituent
Adidas-Salomon AG in a deal that is expected to close on or about that
date.
* S&P MidCap 400 constituent Harman International Industries Inc.
(NYSE:HAR) will replace Siebel Systems Inc. (NASDAQ:SEBL) in the S&P
500 after the close of trading on a date to be announced. Siebel is
being acquired by S&P 500 constituent Oracle Corp. (NASDAQ:ORCL) in a
deal that is pending final approval. S&P SmallCap 600 constituent MDC
Holdings Inc. (NYSE:MDC) will replace Harman in the S&P MidCap 400,
and Diodes Inc. (NASDAQ:DIOD) will replace MDC in the S&P SmallCap
600.
* Harbor Florida Bancshares Inc. (NASDAQ:HARB) will replace Hudson
United Bancorp (NYSE:HU) in the S&P SmallCap 600 after the close of
trading on Tuesday, January 31. Hudson United is being acquired by a
majority-owned subsidiary of S&P Global 1200 constituent Toronto-
Dominion Bank in a deal that is anticipated to close on or about that
date.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/
VeriSign provides infrastructure services that enable secure digital communications and commerce. Headquartered in Mountain View, CA, the company will be added to the S&P 500 GICS Internet Software & Services Sub-Industry index.
Harman International Industries manufactures and markets high-fidelity audio products and electronic systems for the automotive, consumer and professional markets. Headquartered in Washington, D.C., the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Consumer Electronics Sub-Industry index.
MDC Holdings builds and sells homes, mostly to entry-level and move-up buyers. Headquartered in Denver, CO, the company will be added to the S&P MidCap 400 GICS Homebuilding Sub-Industry index.
Diodes manufactures discrete semiconductor products for the communications, computing, industrial, consumer electronics and automotive markets. Headquartered in Westlake Village, CA, the company will be added to the S&P SmallCap 600 GICS Semiconductors Sub-Industry index.
Harbor Florida Bancshares provides a range of banking services to an 8- county area of East Central Florida. Headquartered in Fort Pierce, FL, the company will be added to the S&P SmallCap 600 GICS Thrifts & Mortgage Finance Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX - January 31, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED VeriSign Information Technology Internet Software &
Services
DELETED Reebok Consumer Discretionary Footwear
S&P 500 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Harman
International Consumer Discretionary Consumer Electronics
DELETED Siebel Systems Information Technology Application Software
S&P MIDCAP 400 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED MDC Holdings Consumer Discretionary Homebuilding
DELETED Harman
International Consumer Discretionary Consumer Electronics
S&P SMALLCAP 600 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Diodes Information Technology Semiconductors
DELETED MDC Holdings Consumer Discretionary Homebuilding
S&P SMALLCAP 600 INDEX - January 31, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Harbor Florida Financials Thrifts & Mortgage
Finance
DELETED Hudson United Financials Regional Banks
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 and data. With approximately 6,300 employees located in 20 countries and markets, 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/.
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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/