Abercrombie & Fitch Added to S&P Midcap 400 Index.NEW YORK--(BUSINESS WIRE)--Sept. 15, 1998--Standard & Poor's Financial Information Services See Information Systems. will replace Saks Holdings Inc. (SKS SKS Szkolny Klub Sportowy (Polish: School Sports Club) SKS Some Kind Soul SKS Samozariadnyia Karabina Simonova (Russian military carbine) SKS Vojens Lufthavn, Denmark - Jojens ) in the S&P MidCap mid·cap adj. 1. Or or relating to corporations whose retained earnings and outstanding shares of common stock have a value between those of small cap companies and large cap corporations. 2. 400 Index with Abercrombie & Fitch Co. (ANF ANF antinuclear factor; see antinuclear antibodies (ANA), under antibody. ANF abbr. antinuclear factor ANF atrial natriuretic factor. ) after the close of trading on Thursday, September 17, 1998. Saks is being acquired by S&P MidCap 400 component Proffitt's Inc. (PFT PFT abbr. pulmonary function test ) in a transaction expected to close on that date. The merger is still pending shareholder approval. Abercrombie & Fitch is engaged in the purchase, distribution and sale of men's and women's casual apparel. The Company's retail activities are conducted under the Abercrombie & Fitch trade name through retail stores bearing the Company name. Merchandise is targeted to appeal to customers in specialty markets who have distinctive consumer characteristics. The company, headquartered in Reynoldsburg, Ohio Reynoldsburg is a city in Fairfield, Franklin, and Licking counties in the U.S. state of Ohio. The population was 32,069 at the 2000 census; a 2006 estimate reported a population of 33,076. , will be added to the S&P MidCap 400 Retail (Specialty-Apparel) industry group. Following is a summary of the announced change: -0-
S&P MIDCAP 400 INDEX - September 17, 1998
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED Abercrombie & Fitch Consumer Cyclicals Retail
(Specialty-Apparel)
DROPPED Saks Holdings Inc. Consumer Cyclicals Retail
(Department Stores)
-0- Standard & Poor's Financial Information Services, a division of The McGraw-Hill Companies, provides financial, economic, and investment information, as well as analytical services, to the global financial community and commodity trading markets. Standard & Poor's calculates and maintains the S&P 100, S&P 500, S&P MidCap 400, S&P SmallCap 600, and the S&P Super Composite 1500 stock price Indexes, which are widely considered key barometers of stock market activity and performance benchmarks for professional money managers. Approximately $653 billion is currently indexed to the S&P Equity Indexes, including $626 billion indexed to the S&P 500, $20 billion indexed to the S&P MidCap 400, and $7 billion linked to the S&P SmallCap 600. Company additions to and deletions from the S&P equity indexes do not in any way reflect an opinion on the investment merits of the company. CONTACT: Standard & Poor's, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of David Blitzer, V.P. & Chief Economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the 212/208-8434 or William Jordan Communications Officer 212/208-5222 |
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