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Standard & Poor's Announces Changes to U.S. Indices
NEW YORK, Nov. 29 /PRNewswire-FirstCall/ -- Standard & Poor's hereby announces
changes to the S&P 500 and S&P SmallCap 600 Indices. Both company additions
will be made at full market cap weight, and are as follows:
* Freescale Semiconductor Inc. (NYSE:FSL.B) will replace Winn-Dixie
Stores Inc. (NYSE:WIN) in the S&P 500 after the close of trading on
Thursday, December 2. Freescale Semiconductor is being spun off by
S&P 500 constituent Motorola Inc. (NYSE:MOT). At the close of
trading on Friday, November 26, Winn-Dixie had a market capitalization
of roughly $580 million, ranking 500th in the Index.
* Stage Stores Inc. (NASD: STGS) will be added to the S&P SmallCap 600
after the close of trading on Tuesday, November 30. Stage Stores is
taking the place of Information Holdings Inc. (NYSE:IHI), which is
being removed from the Index after this evening's market close.
Information Holdings is being acquired by S&P/TSX Composite Index
constituent Thomson Corp. (NYSE:TOC) in a deal expected to close
before tomorrow's market open.
Standard & Poor's will monitor these transactions, and post any relevant
updates on its website: http://www.standardandpoors.com/.
Freescale is a global semiconductor company focused on providing embedded
processing and connectivity products for large, high-growth markets.
Headquartered in Austin, TX, the company will be added to the S&P 500 GICS
(Global Industry Classification Standard) Semiconductors Sub-Industry Index.
Stage Stores is a regional specialty department store retailer operating under
the Stage, Bealls, Palais Royal and Peebles trade names. Headquartered in
Houston, TX, the company will be added to the S&P SmallCap 600 GICS Apparel
Retail Sub-Industry Index.
Following is a summary of the changes:
S&P 500 INDEX - December 2, 2004
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
Freescale Information
ADDED Semiconductor Technology Semiconductors
Winn-Dixie Consumer
DELETED Stores Staples Food Retail
S&P SMALLCAP 600 INDEX - November 29, 2004
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
Information Consumer
DELETED Holdings Discretionary Publishing
S&P SMALLCAP 600 INDEX - November 30, 2004
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
Stage Consumer
ADDED Stores Inc. Discretionary Apparel Retail
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 40 countries. Sales in 2003 were $4.8 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
(212) 438-3907
Web site: http://www.standardandpoors.com/
http://www.mcgraw-hill.com/