Kraft Foods Group Set to Join the S&P 500; Alpha Natural Resources, InterDigital, Genesee & Wyoming to Join the S&P MidCap 40...

NEW YORK, Sept. 25, 2012 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, the S&P MidCap 400 and the S&P SmallCap 600 indices:

• Kraft Foods Group Inc. (NASD:KRFTV) will replace Alpha Natural Resources Inc. (NYSE:ANR) in the S&P 500, Alpha Natural Resources will replace Korn/Ferry International (NYSE: KFY) in the S&P MidCap 400, and Korn/Ferry will replace Pulse Electronics Corp. (NYSE:PULS) in the S&P SmallCap 600 after the close of trading on Monday, October 1. S&P 100 & 500 constituent Kraft Foods Inc. (NASDAQ:KFT) is spinning off Kraft Foods Group to shareholders in a transaction expected to be effective after the close of trading on that date. The Kraft Foods stub, which will change its name to Mondelez International Inc. and its ticker symbol to MDLZ, will remain in the S&P 100 & 500. Alpha Natural Resources and Korn/Ferry have market capitalizations that are more representative of the mid cap and small cap market spaces, respectively. Pulse Electronics is ranked #600 in the S&P SmallCap 600 and is no longer appropriate for inclusion in that index.
• InterDigital Inc. (NASD:IDCC) will replace Quest Software Inc. (NASD:QSFT) in the S&P MidCap 400 after the close of trading on Friday, September 28. S&P 100 & 500 constituent Dell Inc. (NASD:DELL) is acquiring Quest Software in a deal expected to be completed soon, pending final approvals.
• Genesee & Wyoming Inc. (NYSE:GWR) will replace Collective Brands Inc. (NYSE:PSS) in the S&P MidCap 400 after the close of trading on Monday, October 1. A group that includes S&P SmallCap 600 constituent Wolverine World Wide Inc. (NYSE:WWW) is acquiring Collective Brands in a deal expected to be completed soon, pending final approvals.

Kraft Foods Group is a consumer packaged food and beverage company. Headquartered in Northfield, Illinois, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Packaged Foods & Meats Sub-Industry index.

Alpha Natural Resources produces, processes, and sells steam and metallurgical coal. Headquartered in Abingdon, VA, the company will be added to the S&P MidCap 400 Coal & Consumable Fuels Sub-Industry index.

Korn/Ferry International provides talent management solutions. Headquartered in Los Angeles, CA, the company will be added to the S&P SmallCap 600 Human Resources & Employment Services Sub-Industry index.

InterDigital develops technology for advanced digital wireless telecommunications applications. Headquartered in King of Prussia, PA, the company will be added to the S&P MidCap 400 Communications Equipment Sub-Industry index.

Genesee & Wyoming owns and operates short line and regional freight railroads, and provides railcar switching services. Headquartered in Greenwich, CT, the company will be added to the S&P MidCap 400 Railroads Sub-Industry index.

Following is a summary of the changes:

S&P 400 INDEX  – September 28, 2012
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	InterDigital	Information Technology	Communications Equipment
DELETED	Quest Software	Information Technology	Application Software

 

S&P 500 INDEX – October 1, 2012
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	Kraft Foods Group	Consumer Staples	Packaged Foods & Meats
DELETED	Alpha Natural Resources	Energy	Coal & Consumable Fuels

 

S&P MIDCAP 400 INDEX  – October 1, 2012
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	Alpha Natural Resources	Energy	Coal & Consumable Fuels
	Genesee & Wyoming	Industrials	Railroads
DELETED	Korn/Ferry	Industrials	Human Resources & Employment Services
	Collective Brands	Consumer Discretionary	Apparel Retail

 

S&P SMALLCAP 600 INDEX – October 1, 2012
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	Korn/Ferry	Industrials	Human Resources & Employment Services
DELETED	Pulse Electronics	Information Technology	Electronic Manufacturing Services

Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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