Press Releases
NEW YORK, March 20, 2012 /PRNewswire/ -- S&P SmallCap 600 constituent Wright Express Corp. (NYSE: WXS) will replace Southern Union Co. (NYSE: SUG) in the S&P MidCap 400 index, and CVB Financial Corp. (NASD: CVBF) will replace Wright Express in the S&P SmallCap 600 index after the close of trading on Monday, March 26. Energy Transfer Equity, L.P. (NYSE: ETE) is acquiring Southern Union in a deal expected to be completed on or about that date, pending final conditions.
Wright Express is a provider of payment processing and information management services. Headquartered in South Portland, ME, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Data Processing & Outsourced Services Sub-Industry index.
CVB Financial provides banking and trust services. Headquartered in Ontario, CA, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – March 26, 2012 |
|||
|
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Wright Express |
Information Technology |
Data Processing & Outsourced Services |
|
DELETED |
Southern Union |
Energy |
Oil & Gas Storage & Transportation |
|
S&P SMALLCAP 600 INDEX – March 26, 2012 |
|||
|
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
CVB Financial |
Financials |
Regional Banks |
|
DELETED |
Wright Express |
Information Technology |
Data Processing & Outsourced Services |
About S&P Indices
S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.45 trillion is directly indexed to our indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.
It is not possible to invest directly in an index. S&P Indices does not sponsor, endorse, sell, or promote any S&P index-based investment product. This document does not constitute an offer of services in jurisdictions where S&P Indices or its affiliates do not have the necessary licenses. S&P Indices receives compensation in connection with licensing its indices to third parties.
For more information:
Dave Guarino
Communications
S&P Indices
dave_guarino@standardandpoors.com
212-438-1471
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Indices
david_blitzer@standardandpoors.com
212-438-3907
SOURCE S&P Indices
