NEW YORK, Sept. 24, 2015 /PRNewswire/ -- S&P SmallCap
600 constituent Standard Pacific Corp. (NYSE: SPF) will replace
Helix Energy Solutions Group Inc. (NYSE: HLX) in the S&P MidCap
400, Helix will replace Standard Pacific in the S&P SmallCap
600, and Rambus Inc. (NASD: RMBS) will replace Ryland Group Inc.
(NYSE: RYL) in the S&P SmallCap 600 after the close of trading
on Thursday, October 1. Standard
Pacific, which is changing its name to CalAtlantic Group, is
acquiring Ryland Group in a deal expected to be completed on or
about that date, pending final approvals. Helix has a market
capitalization more representative of the small-cap market
space.
Standard Pacific operates as a builder of single-family attached
and detached homes. Headquartered in Irvine, CA, the company will be added to the
S&P MidCap 400 GICS (Global Industry Classification Standard)
Homebuilding Sub-Industry index.
Helix Energy Solutions provides specialty services to the
offshore energy industry. Headquartered in Houston, TX, the company will be added to the
S&P SmallCap 600 GICS Oil & Gas Equipment & Services
Sub-Industry index.
Rambus operates as a technology solutions company. Headquartered
in Sunnyvale, CA, the company will
be added to the S&P SmallCap 600 GICS Semiconductors
Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – October 1, 2015
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Standard
Pacific
|
Consumer
Discretionary
|
Homebuilding
|
DELETED
|
Helix Energy
Solutions
|
Energy
|
Oil & Gas
Equipment & Services
|
S&P SMALLCAP
600 – October 1, 2015
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Helix Energy
Solutions
|
Energy
|
Oil & Gas
Equipment & Services
|
|
Rambus
|
Information
Technology
|
Semiconductors
|
DELETED
|
Standard
Pacific
|
Consumer
Discretionary
|
Homebuilding
|
|
Ryland
|
Consumer
Discretionary
|
Homebuilding
|
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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visit:http://www.prnewswire.com/news-releases/standard-pacific-set-to-join-the-sp-midcap-400-helix-energy-solutions-and-rambus-to-join-the-sp-smallcap-600-300148957.html
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