NEW YORK, Sept. 7, 2011 /PRNewswire/ -- VeriFone Systems
Inc. (NYSE: PAY) will replace The Timberland Company (NYSE: TBL) in
the S&P MidCap 400 index after the close of trading on
Tuesday, September 13, 2011.
Timberland is being acquired by S&P 500 constituent V.F. Corp.
(NYSE: VFC) in a deal expected to be completed 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.
VeriFone Systems designs, markets, and services electronic
payment solutions. Headquartered in San
Jose, CA, the company will be added to the S&P MidCap
400 GICS (Global Industry Classification Standard) Data Processing
& Outsourced Services Sub-Industry index.
Following is a summary of the change:
|
S&P
MIDCAP 400 INDEX – September 13, 2011
|
|
|
COMPANY
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GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
|
|
ADDED
|
VeriFone
Systems
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Information
Technology
|
Data
Processing & Outsourced Services
|
|
|
DELETED
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Timberland
|
Consumer
Discretionary
|
Footwear
|
|
|
|
|
|
For more information about S&P Indices, please visit
www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, the world's leading index provider, maintains a
wide variety of investable and benchmark indices to meet an array
of investor needs. Over $1.25
trillion is directly indexed to Standard & Poor's family
of indices, which includes the S&P 500, the world's most
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Global BMI, an index with approximately 11,000 constituents, the
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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.
For more information contact:
David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907
SOURCE Standard & Poor's