S&P: Washington Post, Total System Services to join S&P 500 |
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Wed, 19 Dec 2007 23:59
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SAN FRANCISCO (Thomson Financial) - Standard & Poor's late Wednesday said Washington Post Co. will replace Temple-Inland Inc. in the S&P 500, and the new Temple-Inland will replace Washington Post in the MidCap 400 on Dec. 28.Temple-Inland is expected to complete its breakup into three separate companies by that date.Additionally, Guaranty Financial Group Inc. will replace Ashworth Inc. in the SmallCap 600 and Forestar Real Estate Group Inc. will replace Miva Inc., also in the SmallCap 600, on Dec. 28.Guaranty Financial and Forestar Real Estate are being spun off by Temple-Inland in a transaction expected to close by that date.S&P also said Total System Services Inc. will replace Synovus Financial Corp. in the S&P 500 and the new Synovus Financial will replace Powerwave Technologies Inc. in the MidCap 400 on Dec. 31.Synovus Financial is spinning off Total System Services in a deal expected to close by that date.In addition, Foundry Networks Inc. will replace Andrew Corp. in the MidCap 400 on Dec. 27. Andrew is being acquired by CommScope Inc. in a transaction expected to close by that date.S&P is a division of the McGraw-Hill Cos.Katherine HuntkhCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Total System Services sets dividend 