NEW YORK, Oct. 23 /PRNewswire-FirstCall/ -- Standard & Poor's will make the following changes to the S&P 500 and S&P MidCap 400 indices:
-- S&P MidCap 400 constituent Jacobs Engineering (NYSE:JEC) will replace Avaya Inc. (NYSE:AV) in the S&P 500, and CF Industries Holdings (NYSE:CF) will replace Jacobs Engineering in the S&P MidCap 400, after close of trading on Thursday, October 25. Avaya Inc. is being acquired by Silver Lake Partners and TPG Capital in a deal expected to close on or about that date, pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Jacobs Engineering provides technical, professional, and construction services to industrial, commercial, and governmental customers worldwide. Headquartered in Pasadena, California, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Construction & Engineering Sub-Industry index.
CF Industries Holdings engages in the manufacture and distribution of nitrogen and phosphate fertilizer products in North America. Headquartered in Deerfield, Illinois, the company will be added to the S&P MidCap 400 GICS Fertilizer & Agricultural Chemicals Sub-Industry index.
Following is a summary of the changes: S&P 500 INDEX - October 25, 2007 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR ADDED Jacobs Industrials Construction & Engineering Engineering DELETED Avaya Inc. Information Communications Equipment Technology S&P MIDCAP 400 INDEX - October 25, 2007 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR ADDED CF Industries Materials Fertilizer & Agricultural Holdings Chemicals DELETED Jacobs Industrials Construction & Engineering Engineering
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 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 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.
About The McGraw-Hill Companies:
Founded in 1888, The McGraw-Hill Companies (NYSE:MHP) 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, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at http://www.mcgraw-hill.com.
Source: Standard & Poor's
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