Federal Signal moved to S&P SmallCap 600 index

By Tribune staff report
Posted June 24, 2010 at 6:43 a.m.

Standard & Poor’s S&P  said it will move Oak Brook-based Federal Signal Corp. to its SmallCap 600 index from the MidCap 400 index after the close of trading June 30. Federal Signal has a market capitalization of less than $380 million, making it more representative of the small cap space, S&P said in a statement.
The move is among other changes planned in the indexes. QEP Resources Inc. will replace Questar Corp. in the S&P 500 index. Questar is spinning off QEP Resources to its shareholders in a transaction expected to be completed on or about that date.

The post-spin parent company, Questar Resources, will replace Federal Signal in the S&P MidCap 400 index, and Federal Signal will replace Magnetek Inc. in the S&P SmallCap 600 index. Magnetek has a market capitalization of less than $42 million, ranking it 600th in the S&P Small Cap 600 index.

Standard & Poor’s will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.

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Federal Signal

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Magnetek

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Questar

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