NEW YORK, Nov. 20, 2014 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P MidCap
400 and S&P SmallCap 600 indices:
- Western Refining Inc. (NYSE: WNR) will replace Bally
Technologies Inc. (NYSE:BYI) in the S&P MidCap 400 after the
close of trading on Monday, November
24. S&P SmallCap 600 constituent Scientific Games Corp.
(NASD:SGMS) is acquiring Bally Technologies in a transaction
expected to be completed on November
21.
- California Resources Corp. (NYSE:CRCwi) will replace Rayonier
Advanced Materials Inc. (NYSE:RYAM) in the S&P MidCap 400, and
Rayonier Advanced Materials will replace Symmetry Medical Inc.
(NYSE:SMA) in the S&P SmallCap 600 after the close of trading
on Friday, November 28. S&P 100
& 500 constituent Occidental Petroleum Inc. (NYSE:OXY) is
spinning off California Resources in a transaction expected to be
completed on that date. Occidental Petroleum will remain in the
S&P 100 & 500 following the distribution. Rayonier Advanced
Materials' market capitalization is below $1.1 billion, making it more representative of
the small cap market space. Symmetry Medical is selling certain
assets that will result in the remaining company's market
capitalization being too small for continued inclusion in the
SmallCap 600.
Western Refining operates as an independent crude oil refiner
and marketer of refined products. Headquartered in El Paso, TX, the company will be added to the
S&P MidCap 400 GICS (Global Industry Classification Standard)
Oil & Gas Refining & Marketing Sub-Industry index.
California Resources provides oil and natural gas exploration
and production services. Headquartered in Los Angeles, CA, the company will be added to
the S&P MidCap 400 GICS Oil & Gas Exploration &
Production Sub-Industry index.
Rayonier Advanced Materials is a producer of high-purity
cellulose. Headquartered in Jacksonville,
FL, the company will be added to the S&P SmallCap 600
GICS Specialty Chemicals Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – November 24, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Western
Refining
|
Energy
|
Oil & Gas
Refining &Marketing
|
DELETED
|
Bally
Technologies
|
Consumer
Discretionary
|
Casinos &
Gaming
|
S&P MIDCAP 400
INDEX – November 28, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
California
Resources
|
Energy
|
Oil & Gas
Exploration & Production
|
DELETED
|
Rayonier Advanced
Materials
|
Materials
|
Specialty
Chemicals
|
S&P SMALLCAP
600 INDEX – November 28, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Rayonier Advanced
Materials
|
Materials
|
Specialty
Chemicals
|
DELETED
|
Symmetry
Medical
|
Health
Care
|
Health Care
Equipment
|
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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For more information:
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+) 212 438 3907
david.blitzer@spdji.com
David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
dave.guarino@spdji.com
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