NEW YORK, April 14, 2014 /PRNewswire/ -- S&P SmallCap
600 constituent Umpqua Holdings Corp. (NASD:UMPQ) will replace
Scientific Games Corp. (NASD:SGMS) in the S&P MidCap 400, and
Scientific Games will replace Umpqua Holdings in the S&P
SmallCap 600 after the close of trading on Thursday, April 17. Umpqua Holdings is acquiring
Sterling Financial Corp (NASD:STSA) in a deal expected to be
completed on April 18, pending final
conditions. Umpqua Holdings will have a post-merger market
capitalization that is more representative of the mid-cap market
space. Scientific Game's current market capitalization is more
representative of the small-cap market space.
Umpqua Holdings provides commercial and retail banking products
and services. Headquartered in Portland,
OR, the company will be added to the S&P MidCap 400 GICS
(Global Industry Classification Standard) Regional Banks
Sub-Industry index.
Scientific Games provides technology-based products and
services, and associated content for gaming and lottery markets.
Headquartered in New York, NY, the
company will be added to the S&P SmallCap 600 GICS Casinos
& Gaming Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – April 17, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Umpqua
Holdings
|
Financials
|
Regional
Banking
|
DELETED
|
Scientific
Games
|
Consumer
Discretionary
|
Casinos &
Gaming
|
S&P SMALLCAP
600 INDEX – April 17, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Scientific
Games
|
Consumer
Discretionary
|
Casinos &
Gaming
|
DELETED
|
Umpqua
Holdings
|
Financials
|
Regional
Banking
|
Additions to and deletions from S&P Dow Jones Indices
do not in any way reflect an opinion on the investment merits of
the companies involved.
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