Innkeepers Usa (NYSE:KPA)
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NEW YORK, June 25 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P REIT Composite indices:
-- The Bank of New York Mellon Corp. (NYSE:BK) (new) will replace
Computer Sciences Corp. (NYSE:CSC) in the S&P 100 and The Bank of New
York Company Inc. (NYSE:BK) (old) in the S&P 500, and S&P REIT
Composite constituent General Growth Properties Inc. (NYSE:GGP) will
replace Mellon Financial Corp. (NYSE:MEL) in the S&P 500 after the
close of trading on Friday, June 29. The Bank of New York Company and
Mellon Financial are merging to create The Bank of New York Mellon
Corp. in a deal expected to close before the open of trading on July 2.
-- First Community Bancorp (NASDAQ:FCBP) will replace Investors Financial
Services Corp. (NASDAQ:IFIN) in the S&P MidCap 400 after the close of
trading on a date to be announced. Investors Financial is being
acquired by S&P 500 constituent State Street Corp. (NYSE:STT) in a
deal that is still pending final approvals.
-- Supertel Hospitality Inc. (NASDAQ:SPPR) will replace Winston Hotels
Inc. (NYSE:WXH) in the S&P REIT Composite after the close of trading
on Friday, June 29. Winston Hotels is being acquired by Inland
American Real Estate Trust Inc. in a deal expected to close on or about
that date.
-- Republic Property Trust (NYSE:RPB) will replace Innkeepers USA Trust
(NYSE:KPA) in the S&P REIT Composite after the close of trading on
Friday, June 29. Innkeepers is being acquired by Apollo Investment
Corp. in a deal expected 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/.
The Bank of New York Mellon Corp provides asset management and securities services. Headquartered in New York, NY, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Asset Management & Custody Banks Sub-Industry index.
General Growth Properties is a REIT that operates, develops, and manages retail and other rental properties and develops and sells land for residential and commercial uses. Headquartered in Chicago, IL, the company will be added to the S&P 500 GICS Retail REITs Sub-Industry index.
First Community Bancorp provides banking services in the United States. Headquartered in San Diego, CA, the company will be added to the S&P MidCap 400 GICS Regional Banks Sub-Industry index.
Supertel Hospitality is a REIT that engages in the ownership and acquisition of limited-service hotels in the United States. Headquartered in Norfolk, NE, the company will be added to the S&P REIT Composite GICS Specialized REITs sub-industry.
Republic Property is a REIT owns, operates, acquires, and develops office properties in the Washington, D.C. metropolitan, and Greater Washington, D.C., market. Headquartered in Herndon, VA, the company will be added to the S&P REIT Composite GICS Office REITs sub-industry.
Following is a summary of the changes:
S&P 100 INDEX - June 29, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED The Bank of New York Financials Asset Management &
Mellon Corp. Custody Banks
DELETED Computer Sciences Information Data Processing &
Technology Outsourced Services
S&P 500 INDEX - June 29, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED The Bank of New York Financials Asset Management &
Mellon Corp. Custody Banks
General Growth Financials Retail REITs
Properties
DELETED The Bank of New Financials Asset Management &
York Company Custody Banks
Mellon Financial Financials Asset Management &
Custody Banks
S&P MIDCAP 400 INDEX - To Be Announced
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED First Community Financials Regional Banks
Bancorp
DELETED Investors Financials Asset Management &
Financial Services Custody Banks
S&P REIT COMPOSITE - June 29, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Supertel Hospitality Financials Specialized REITs
Republic Property Financials Office REITs
Trust
DELETED Winston Hotels Financials Specialized REITs
Innkeepers USA Financials Specialized REITs
Trust
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
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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/