NEW YORK,
* The Western Union Company (NYSE: WUwi) will replace Andrew Corp.
(NASD: ANDW) in the S&P 500, Andrew Corp. will replace Cabot
Microelectronics Corp. (NASD: CCMP) in the S&P MidCap 400, and Cabot
Microelectronics will replace Bally Total Fitness Holding Corp.
(NYSE: BFT) in the S&P SmallCap 600 after the close of trading on
Friday, September 29. Western Union is being spun off by S&P 500
constituent First Data Corp. (NYSE: FDC) in a deal expected to close on
or about that date. At today's close of trading Bally Total Fitness had
a market capitalization of roughly $77 million, whereas the minimum
market cap a company must maintain to be considered for addition to the
S&P SmallCap 600 index is $300 million.
* S&P REIT Composite constituent Inland Real Estate Corp. (NYSE: IRC) will
replace Maverick Tube Corp. (NYSE: MVK) in the S&P SmallCap 600 after
the close of trading on Monday, October 2. Maverick Tube is being
acquired by S&P Global 1200 constituent Tenaris S.A. (NYSE: KIM) in a
deal expected to close on or about that date, pending final approvals.
Additionally, S&P 500 constituent Wendy's International Inc. (NYSE: WEN)
is spinning off its 82.75% ownership stake in Tim Hortons Inc. (NYSE: THIwi)
in a distribution expected to become effective after the close of trading on
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Western Union provides ways to send money around the world, pay bills and purchase money orders. Headquartered in Englewood, CO, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Data Processing & Outsourced Services Sub-Industry index.
Andrew Corp. is a global supplier of communications products and systems, with an emphasis on wireless communications. Headquartered in Westchester, IL, the company will be added to the S&P MidCap 400 GICS Communications Equipment Sub-Industry index.
Cabot Microelectronics supplies polishing slurries used in the manufacture of advanced integrated circuit devices in the semiconductor industry. Headquartered in Aurora, IL, the company will be added to the S&P SmallCap 600 GICS Semiconductor Equipment Sub-Industry index.
Inland Real Estate is a real estate investment trust that owns interests
in 144 neighborhood, community and single-tenant retail centers located
primarily in the midwestern
Following is a summary of the changes:
S&P 500 INDEX - September 29, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Western Union Information Technology Data Processing &
Outsourced Services
DELETED Andrew Information Technology Communications
Equipment
S&P MIDCAP 400 INDEX - September 29, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Andrew Information Technology Communications
Equipment
DELETED Cabot Information Technology Semiconductor
Microelectronics Equipment
S&P SMALLCAP 600 INDEX - September 29, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Cabot Information Technology Semiconductor
Microelectronics Equipment
DELETED Bally Total Consumer Discretionary Leisure Facilities
Fitness
S&P SMALLCAP 600 INDEX - October 2, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Inland Real Estate Financials Retail REITs
DELETED Maverick Tube Energy Oil & Gas Equipment &
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
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SOURCE Standard & Poor's
