NEW YORK, July 17 /PRNewswire/ -- Standard & Poor's will make the
following changes to the S&P MidCap 400 and S&P SmallCap 600 indices on dates
to be announced:
-- S&P SmallCap 600 constituent Patriot Coal Corp. (NYSE: PCX) will
replace CBRL Group Inc. (Nasdaq: CBRL) in the S&P MidCap 400, and CBRL will
replace Patriot Coal in the S&P SmallCap 600. Patriot Coal is in the process
of acquiring privately-held Magnum Coal Co. for stock in a transaction that
will substantially increase its market capitalization. CBRL's profitability
and market value make it an appropriate addition to the S&P SmallCap 600.
-- Eclipsys Corp. (Nasdaq: ECLP) will replace W-H Energy Services Inc.
(NYSE: WHQ) in the S&P SmallCap 600. W-H Energy is being acquired by S&P 500
constituent Smith International Inc. (NYSE: SII) in a deal that is still
pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant
updates on its website: www.standardandpoors.com.
Patriot Coal produces and sells coal. Headquartered in St. Louis, MO, the
company will be added to the S&P MidCap 400 GICS (Global Industry
Classification Standard) Coal & Consumable Fuels Sub-Industry index.
CBRL operates Cracker Barrel Old Country Store restaurants and gift shops
located in 41 states. Headquartered in Lebanon, TN, the company will be added
to the S&P SmallCap 600 GICS Restaurants Sub-Industry index.
Eclipsys provides advanced clinical, financial and management information
software and service solutions to health care facilities. Headquartered in
Atlanta, GA, the company will be added to the S&P SmallCap 600 GICS Health
Care Technology Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Patriot Coal Energy Coal & Consumable Fuels
DELETED CBRL Group Consumer Discretionary Restaurants
S&P SMALLCAP 600 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED CBRL Group Consumer Discretionary Restaurants
Eclipsys Health Care Health Care Technology
DELETED Patriot Coal Energy Coal & Consumable Fuels
W-H Energy Energy Oil & Gas Equipment &
Services 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 Index Services
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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
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independent credit ratings, indices, risk evaluation, investment research and
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located in 21 countries. Standard & Poor's is an essential part of the world's
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information, visit http://www.standardandpoors.com.
SOURCE Standard & Poor's