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BRIEF: Standard & Poor's Announces Changes to U.S. Indices
Saturday, January 24, 2009 9:51 AM


(Source: Reading Eagle)trackingBy Reading Eagle, Pa.

Jan. 24--Standard & Poor's announced the following changes to the S&P 500 and S&P Mid-Cap 400 after the close of trading on a yet-to-be disclosed date:

S&P MidCap 400 constituent Health Care REIT Inc. will replace Sovereign Bancorp Inc. in the S&P 500, and International Bancshares Corp. will replace Health Care REIT in the S&P MidCap 400.

Sovereign Bancorp, parent company of Sovereign Bank, Wyomissing, is being acquired by S&P Global 1200 constituent Banco Santander in a transaction that is pending final approvals. Shareholders will vote on the deal later this month.

Health Care REIT concentrates primarily on senior housing and health care real estate. Headquartered in Toledo, Ohio, the company will be added to the S&P 500 Global Industry Classification Standard Specialized REITs Sub-Industry index.

International Bancshares provides commercial and retail banking services in Texas and Oklahoma.

Headquartered in Laredo, Texas the company will be added to the S&P MidCap 400 Regional Banks Sub-Industry index.

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Copyright (c) 2009, Reading Eagle, Pa.

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