NEW YORK, Nov. 28, 2017 /PRNewswire/ -- Delphi
Technologies plc (NYSE: DLPH- new) will replace Frontier
Communications Corp. (NASD: FTR) in the S&P MidCap 400, and
Frontier Communications will replace Contango Oil & Gas Co.
(NYSE American: MCF) in the S&P SmallCap 600 effective prior to
the open of trading on Wednesday, December
6. S&P 500 constituent Delphi Automotive plc (NYSE:
DLPH), to be renamed Aptiv plc and trade under new symbol APTV, is
spinning off Delphi Technologies in a transaction expected to be
completed post close on Monday, December
4, pending final conditions. The renamed Aptiv plc will
remain in the S&P 500 following the spin-off transaction.
Frontier Communications is ranked near the bottom of the S&P
MidCap 400 and is no longer representative of the mid-cap market
space. With a market capitalization below $100 million, Contango is ranked at the bottom of
the S&P SmallCap 600 and is no longer representative of the
small-cap market space.
Delphi Technologies manufactures power train vehicle propulsion
systems. Headquartered in Gillingham, United Kingdom, the company will be added to
the S&P MidCap 400 GICS Auto
Parts & Equipment Sub-Industry index.
Frontier Communications provides communications services to
residential, business and wholesale customers. Headquartered in
Norwalk, CT, the company will be
added to the S&P SmallCap 600 GICS Integrated Telecommunication
Services Sub-Industry index.
Following is a summary of the changes:
S&P MidCap 400
INDEX – DECEMBER 6, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Delphi
Technologies
|
Consumer
Discretionary
|
Auto Parts &
Equipment
|
DELETED
|
Frontier
Communications
|
Telecommunication
Services
|
Integrated
Telecom
Services
|
|
|
S&P SMALLCAP
600 INDEX – DECEMBER 6, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Frontier
Communications
|
Telecommunication
Services
|
Integrated
Telecom
Services
|
DELETED
|
Contango Oil
&
Gas
|
Energy
|
Oil & Gas
Exploration &
Production
|
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