NEW YORK, July 7 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and SmallCap 600 indices after the close of trading on Wednesday, July 9:
-- S&P SmallCap 600 constituent Helix Energy Solutions Group Inc. (NYSE:HLX) will replace Activision Inc. (NASDAQ:ATVI) in the S&P MidCap 400, and True Religion Apparel Inc. (NASDAQ:TRLG) will replace Helix Energy Solutions in the S&P SmallCap 600. Activision is undergoing a corporate restructuring that will leave it majority-controlled by S&P Global 1200 constituent Vivendi S.A. in a deal expected to close on or about that date, pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Helix Energy Solutions provides subsea construction and maintenance services to the offshore energy industry, and also operates an exploration and production segment. Headquartered in Houston, TX, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Oil & Gas Equipment & Services Sub-Industry index.
True Religion designs, manufactures and markets clothing. Headquartered in Vernon, CA, the company will be added to the S&P SmallCap 600 GICS Apparel, Accessories & Luxury Goods Sub-Industry index.
Following is a summary of the changes: S&P MIDCAP 400 INDEX - July 9, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Helix Energy Solutions Energy Oil & Gas Equipment & Services DELETED Activision Information Home Entertainment Technology Software S&P SMALLCAP 600 INDEX - July 9, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED True Religion Apparel Consumer Apparel, Accessories Discretionary & Luxury Goods DELETED Helix Energy Solutions Energy Oil & Gas Equipment & 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.
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Source: Standard & Poor's