The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

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

Wednesday, September 14, 2011

Standard & Poor's Announces Change to U.S. Index17:50 EDT Wednesday, September 14, 2011NEW YORK, Sept. 14, 2011 /PRNewswire/ -- American Campus Communities Inc. (NYSE:ACC) will replace The Lubrizol Corp. (NYSE:LZ) in the S&P MidCap 400 index after the close of trading on Friday, September 16, 2011. Lubrizol is being acquired by S&P 100 & 500 constituent Berkshire Hathaway, Inc. (NYSE:BRK/B) 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: American Campus Communities, a real estate investment trust (REIT), engages in the acquisition, design, finance, development, lease, and management of student housing properties. Headquartered in Austin, TX, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Residential REITs Sub-Industry index. Following is a summary of the change: S&P MIDCAP 400 INDEX  ? September 16, 2011COMPANYGICS ECONOMIC SECTORGICS SUB-INDUSTRYADDEDAmerican Campus CommunitiesFinancialsResidential REITsDELETEDLubrizolMaterialsSpecialty ChemicalsFor more information about S&P Indices, please visit About 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 more information contact:David M. Blitzer, Ph.D.Managing Director & Chairman of the Index Committee(212) 438-3907SOURCE Standard & Poor's