The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

Standard & Poor's Announces Change to U.S. Index

Thursday, September 23, 2010

Standard & Poor's Announces Change to U.S. Index17:46 EDT Thursday, September 23, 2010NEW YORK, Sept. 23 /PRNewswire/ -- Liquidity Services Inc. (NASD:LQDT) will replace The South Financial Group Inc. (NASD:TSFG) in the S&P SmallCap 600 index after the close of trading on Thursday, September 30.  The South Financial Group is being acquired by S&P Global 1200 constituent The Toronto-Dominion Bank (TSX/NYSE:TD) 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: Liquidity Services, Inc. operates an online auction marketplace for surplus and salvage assets. Headquartered in Washington, DC, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Internet Software & Services Sub-Industry index.  Following is a summary of the change: S&P SMALLCAP 600 INDEX  ? September 30, 2010COMPANYGICS ECONOMIC SECTORGICS SUB-INDUSTRYADDEDLiquidity ServicesInformation TechnologyInternet Software & ServicesDELETEDThe South Financial GroupFinancialsRegional BanksAbout S&P IndicesS&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 followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities 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 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 Standard & Poor'sFor further information: David M. Blitzer, Ph.D., Managing Director & Chairman of the Index Committee, Standard & Poor's, +1-212-438-3907