S&P Announces Changes to U.S. Indices (IVZ for IACI, HSNIV for TRX, IILGV for DSL, TKTMV for DITC, BKE for WHQ, SCL for BLG)

August 13, 2008 5:19 PM EDT

Invesco Ltd. (NYSE: IVZ) will replace IAC/InterActiveCorp. (NASDAQ: IACI) in the S&P 500, HSN Inc. (NASDAQ when-issued: HSNIV) will replace Tronox Inc. (NYSE: TRX.B) in the S&P SmallCap 600, Interval Leisure Group Inc. (NASDAQ when-issued: IILGV) will replace Downey Financial Corp. (NYSE: DSL) in the S&P SmallCap 600, and Ticketmaster (NASDAQ when-issued: TKTMV) will replace Ditech Networks Inc. (NASDAQ: DITC) in the S&P SmallCap 600 after the close of trading on Wednesday, August 20. IAC/InterActive is spinning off the businesses of HSN, Interval Leisure Group and Ticketmaster in a transaction expected to be completed after the close of trading on that date. As of today’s close of trading, Tronox, Downey Financial and Ditech Networks all had market capitalizations well below the S&P SmallCap 600’s target range.

The Buckle Inc. (NYSE: BKE) will replace W-H Energy Services Inc. (NYSE: WHQ) in the S&P SmallCap 600 after the close of trading on Tuesday, August 19. W-H Energy is being acquired by S&P 500 constituent Smith International Inc. (NYSE: SII) in a transaction expected to be completed on or about that date, pending final approvals.

Stepan Co. (NYSE: SCL) will replace Building Materials Holding Corp. (NYSE: BLG) in the S&P SmallCap 600 after the close of trading on Tuesday, August 19. As of today’s close of trading Building Materials had a market capitalization of approximately $51 million, whereas the minimum market cap a company must maintain in order to be eligible for addition to the index is $300 million.

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