View all news

AutoNation Inc. Added to S&P 500 Index

Feb. 19, 2003
NEW YORK, Feb 19, 2003 /PRNewswire via COMTEX/ -- AutoNation Inc. (NYSE: AN) will replace Rational Software Corp. (Nasdaq: RATL) in the S&P 500 Index after the close of trading on a date to be announced. S&P 500 component International Business Machines Corp. (NYSE: IBM) is acquiring Rational Software. The transaction is still subject to European Union approval.

    Following is a summary of the announced change:

                                  S&P 500 INDEX -- TBA

    ADDED    AutoNation Inc.     Consumer Discretionary   Specialty Stores

    DELETED  Rational Software   Information Technology   Application Software
AutoNation is an automotive dealer which also offers vehicle maintenance and repair services, vehicle parts, extended service contracts and insurance products. The company, headquartered in Fort Lauderdale, FL, will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialty Stores sub-industry.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.

Standard & Poor's is a leader in providing highly valued financial data, analytical research and investment and credit opinions to the global capital markets. Among the company's many products are the S&P Global 1200, the first real-time, global equity index, the S&P 500, the premier U.S. portfolio index, and credit ratings on more than 220,000 securities and funds. With 5,000 employees located in 19 countries, Standard & Poor's is an integral part of the world's financial architecture. Additional information is available at .

Founded in 1888, The McGraw-Hill Companies is a global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has more than 350 offices in 33 countries. Sales in 2002 were $4.8 billion. Additional information is available at .

SOURCE AutoNation Inc.

CONTACT: David Blitzer, Managing Director, Quantitative Services, +1-212-438-3907, or Carol Levine, Communications Manager, +1-212-438-3534,, both of Standard & Poor's, for AutoNation Inc.


Copyright (C) 2003 PR Newswire. All rights reserved.

Categories: Press Releases
View all news