NEW YORK, Jan. 24, 2017 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P MidCap
400 and S&P SmallCap 600 indices:
- S&P SmallCap 600 constituent LogMeIn Inc. (NASD: LOGM) will
replace Triumph Group Inc. (NYSE:TGI) in the S&P MidCap 400,
and Triumph Group will replace LogMeIn in the S&P SmallCap 600
after the close of trading on Wednesday,
February 1. S&P 500 constituent Citrix Systems (NASD:
CTXS) will spin-off GetGo Inc., which will immediately be acquired
by LogMeIn, in a transaction expected to be completed after the
close of trading on Tuesday, January
31, pending final conditions. Citrix Systems will remain in
the S&P 500 post spin-off. Post-merger, LogMeIn will be more
representative of the mid-cap market space.
- Bioverativ Inc. (NASD: BIVV)
will replace RH (NYSE: RH) in the S&P MidCap 400, and RH will
replace Ciber Inc. (NYSE:CBR) in the S&P SmallCap 600 after the
close of trading on Thursday, February
2. S&P 100 & 500 constituent Biogen Inc. (NASD:
BIIB) is spinning off Bioverativ in a transaction expected to be
completed on Wednesday, February 1.
Biogen will remain in the S&P 100 & 500 post spin-off.
Ciber is ranked at the bottom of the S&P SmallCap 600 and is no
longer representative of the small-cap market space.
- Varex Imaging Corp. (NASD:VREX)
will replace Stage Stores Inc. (NYSE:SSI) in the S&P Small Cap
600 after the close of trading on Monday,
January 30. S&P 500 constituent Varian Medical Systems
Inc. (NYSE:VAR) is spinning off Varex Imaging in a transaction
expected to be completed on Friday, January
27. Varian Medical Systems will remain in the S&P 500
post spin-off. Stage Stores is ranked near the bottom of the
S&P SmallCap 600 and is no longer representative of the
small-cap market space.
LogMeIn provides cloud-based services for individuals and
businesses to securely connect to their workplace, colleagues, and
customers. Headquartered in Boston,
MA, the company will be added to the S&P MidCap 400 GICS
(Global Industry Classification Standard) Internet Software &
Services Sub-Industry index.
Triumph Group designs, engineers, manufactures, repairs,
overhauls, and distributes aero structures, aircraft components,
accessories, subassemblies, and systems. Headquartered in
Berwyn, PA, the company will be
added to the S&P SmallCap 600 GICS Aerospace & Defense
Sub-Industry index.
Bioverativ focuses on the research, discovery, development, and
commercialization of therapies for the treatment of hemophilia and
other blood disorders. Headquartered in Waltham, MA, the company will be added to the
S&P MidCap 400 GICS Biotechnology Sub-Industry index.
RH engages in the retail of home furnishings. Headquartered in
Corte Madera, CA, the company will
be added to the S&P SmallCap 600 GICS Home Furnishing Retail
Sub-Industry index.
Varex Imaging designs and manufactures X-ray tubes, flat panel
detectors, imaging software, high voltage connectors, and
high-energy inspection accelerators. Headquartered in Salt Lake City, UT, the company will be added
to the S&P SmallCap 600 GICS Health Care Equipment Sub-Industry
index.
Following is a summary of the changes:
|
S&P SMALLCAP
600 INDEX – JANUARY 30, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Varex
Imaging
|
Health
Care
|
Health Care
Equipment
|
|
DELETED
|
Stage
Stores
|
Consumer
Discretionary
|
Apparel
Retail
|
|
S&P MIDCAP 400
INDEX – February 1, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
LogMeIn
|
Information
Technology
|
Internet Software
& Services
|
|
DELETED
|
Triumph
Group
|
Industrials
|
Aerospace &
Defense
|
|
S&P SMALLCAP
600 INDEX – February 1, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Triumph
Group
|
Industrials
|
Aerospace &
Defense
|
|
DELETED
|
LogMeIn
|
Information
Technology
|
Internet Software
& Services
|
|
S&P MIDCAP 400
INDEX – February 2, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Bioverativ
|
Health
Care
|
Biotechnology
|
|
DELETED
|
RH
|
Consumer
Discretionary
|
Home Furnishing
Retail
|
|
S&P SMALLCAP
600 INDEX – February 2, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
RH
|
Consumer
Discretionary
|
Home Furnishing
Retail
|
|
DELETED
|
Ciber
|
Information
Technology
|
IT Consulting &
Other Services
|
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visit www.spdji.com
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