NEW YORK, Aug. 30 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
-- S&P MidCap 400 constituent Microchip Technology Inc. (NASD: MCHP) will
replace Compass Bancshares Inc. (NASD: CBSS) in the S&P 500 and Jones
Lang Lasalle Inc. (NYSE: JLL) will replace Microchip Technology in the
S&P MidCap 400 after the close of trading on Friday, September 7.
Compass is being acquired by S&P Global 1200 constituent Banco Bilbao
Vizcaya Argentaria (NYSE: BBV) in a deal expected to close on or about
that date.
-- LifeCell Corp. (NASD: LIFC) will replace Komag Inc. (NASD: KOMG) in the
S&P SmallCap 600 after the close of trading on Wednesday, September 5.
Komag is being acquired by S&P MidCap 400 constituent Western Digital
Corp. (NYSE: WDC) in a tender offer expected to close on or about that
date.
-- Smith Micro Software Inc. (NASD: SMSI) will replace MAF Bancorp Inc.
(NASD: MAFB) in the S&P SmallCap 600 after the close of trading on a
date to be announced. MAF Bancorp is being acquired by S&P 500
constituent National City Corp. (NYSE: NCC) in a deal still pending
final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Microchip Technology engages in the development and manufacture of semiconductor products for various embedded control applications. Headquartered in Chandler, AZ, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Semiconductors Sub-Industry index.
Jones
LifeCell engages in the development and marketing of tissue-based products for use in reconstructive, orthopedic, and urogynecologic surgical procedures. Headquartered in Branchburg, NJ, the company will be added to the S&P SmallCap 600 GICS Biotechnology Sub-Industry index.
Smith Micro Software engages in the development and marketing of wireless communications software products and services. Headquartered in Alsio Viejo, CA, the company will be added to the S&P SmallCap 600 GICS Application Software Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX -- September 7, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Microchip Information Semiconductors
Technology Technology
DELETED Compass Financials Regional Banks
Bancshares
S&P MIDCAP 400 INDEX -- September 7, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Jones Lang Financials Real Estate
Lasalle Management & Development
DELETED Microchip Information Semiconductors
Technology Technology
S&P SMALLCAP 600 INDEX -- September 5, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED LifeCell Health Care Biotechnology
DELETED Komag Information Computer Storage & Technology Peripherals
S&P SMALLCAP 600 INDEX -- To Be Announced
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Smith Micro Information Application
Software Technology Software
DELETED MAF Bancorp Financials Thrifts & Mortgage
Finance
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
