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Standard & Poor's Announces Change to U.S. Index
May 06, 2010 (05:05 PM EDT)
NEW YORK, May 6 /PRNewswire/ -- TIBCO Software Inc. (Nasdaq: TIBX) will replace Brink's Home Security Holdings Inc. (NYSE: CFL) in the S&P MidCap 400 index after the close of trading on Friday, May 14. Brink's Home Security Holdings is being acquired by Tyco International Ltd. (NYSE: TYC) 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.
TIBCO Software provides infrastructure software solutions. Headquartered in Palo Alto, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Application Software Sub-Industry index.
Following is a summary of the change:
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 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
SOURCE Standard & Poor's