NEW YORK, July 10 /PRNewswire-FirstCall/- Standard & Poor's will make the
following changes to the S&P 500, S&P 100 and S&P SmallCap 600 indices:
-- MasterCard Inc. (NYSE: MA) will replace ACE Ltd. (NYSE: ACE) in the S&P
500, and MasterCard will replace General Motors Corp. (NYSE: GM) in the S&P
100 after the close of trading on Thursday, July 17. ACE is in the process of
changing its place of incorporation to Switzerland, thus rendering it
ineligible for inclusion in the S&P U.S. indices. General Motors will
continue to be a member of the S&P 500.
-- Natus Medical Inc. (Nasdaq: BABY) will replace Chesapeake Corp.
(NYSE: CSK) in the S&P SmallCap 600 after the close of trading on Tuesday,
July 15. As of today's close of trading Chesapeake had a market value of
approximately $32 million, whereas the minimum market cap a company must
maintain in order to be eligible for addition to the index is currently $300
million.
Standard & Poor's will monitor these transactions, and post any relevant
updates on its website: http://www.standardandpoors.com .
MasterCard specializes in transaction processing and brand licensing.
Headquartered in Purchase, NY, the company will be added to the S&P 500 GICS
(Global Industry Classification Standard) Data Processing & Outsourced
Services Sub-Industry index.
Natus Medical provides healthcare products used for screening, detection,
treatment, monitoring and tracking of common medical ailments. Headquartered
in San Carlos, CA, the company will be added to the S&P SmallCap 600 GICS
Health Care Equipment Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX -- July 17, 2008
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED MasterCard Information Technology Data Processing &
Outsourced Services
DELETED ACE Ltd. Financials Property & Casualty
Insurance
S&P 100 INDEX -- July 17, 2008
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED MasterCard Information Technology Data Processing &
Outsourced Services
DELETED General Motors Consumer Discretionary Automobile
Manufacturers
S&P SMALLCAP 600 INDEX -- July 15, 2008
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Natus Medical Health Care Health Care Equipment
DELETED Chesapeake Materials Paper Packaging
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 Index Services
Standard & Poor's Index Services, the world's leading index provider,
maintains a wide variety of investable and benchmark indices to meet an array
of investor needs. Its family of indices includes the S&P 500, an index with
$1.5 trillion invested and $4.85 trillion benchmarked, and the S&P Global
1200, a composite index comprised of seven regional and country headline
indices. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is
the world's foremost provider of financial market intelligence, including
independent credit ratings, indices, risk evaluation, investment research and
data. With approximately 8,500 employees, including wholly owned affiliates,
located in 21 countries. Standard & Poor's is an essential part of the world's
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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 .
SOURCE Standard & Poor's