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Standard & Poor's Announces Change to U.S. Index
NEW YORK, March 30 /PRNewswire-FirstCall/ -- Texas Regional Bancshares Inc.
(NASD: TRBS) will replace Retek Inc. (NASD: RETK) in the S&P MidCap 400 Index
after the close of trading on Tuesday, April 5, 2005. Retek is being acquired
by S&P 500 constituent Oracle Corp. (NASD: ORCL) in a tender offer expected to
be completed on or about that date. Standard & Poor's will monitor this
transaction, and post any relevant updates on its website:
http://www.standardandpoors.com/.
Texas Regional Bancshares operates a commercial banking business. Headquartered
in McAllen, TX, the company will be added to the S&P MidCap 400 Regional Banks
Sub-Industry Index.
Following is a summary of the change:
S&P MIDCAP 400 INDEX - April 5, 2005
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
CENTER
ADDED Texas Regional Financials Regional Banks
Bancshares
DELETED Retek Inc. Information Internet Software
Technology & 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
280 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
+1-212-438-3907
Web site: http://www.standardandpoors.com/
http://www.mcgraw-hill.com/