NEW YORK, May 5, 2011 /PRNewswire/ -- S&P will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 Indices:
-- Domtar Corp. (NYSE: UFS) will replace Alberto-Culver Corp. (NYSE: ACV) in the S&P MidCap 400 index after the close of trading on Tuesday, May 10. S&P Global 1200 constituent Unilever plc is acquiring Alberto-Culver in a deal expected to be completed on or about that date pending final approvals.
-- FNB Corp. (NYSE: FNB) will replace Wilmington Trust Corp. (NYSE: WL) in the S&P SmallCap 600 index after the close of trading on Friday, May 13. S&P 500 constituent M&T Bank Corp. (NYSE: MTB) is acquiring Wilmington Trust in a deal expected to be completed 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.
Domtar is an integrated manufacturer and marketer of uncoated freesheet paper. Headquartered in Montreal, Canada, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Paper Products Sub-Industry index.
F.N.B. provides various financial services to consumers and small to medium-sized businesses. Headquartered in Hermitage, PA, 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 - May 10, 2011 GICS ECONOMIC GICS SUB- COMPANY SECTOR INDUSTRY Paper ADDED Domtar Materials Products Alberto- Consumer Personal DELETED Culver Staples Products ------- --------- --------- ---------
S&P SMALLCAP 600 INDEX - May 13, 2011 GICS ECONOMIC GICS SUB- COMPANY SECTOR INDUSTRY Regional ADDED FNB Financials Banks Wilmington Regional DELETED Trust Financials Banks ------- ----------- ---------- ---------
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SOURCE Standard & Poor's