NEW YORK, June 12, 2014 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P 500,
S&P MidCap 400 and S&P SmallCap 600 indices after the close
of trading on Friday, June 20:
- An S&P 500 constituent will switch places with an S&P
MidCap 400 constituent, and two S&P MidCap 400 constituents
will switch places with two S&P SmallCap 600 constituents.
These transfers will make each index more representative of its
market capitalization range; the company moving to the S&P 500
has a market cap above $11.5 billion,
the companies moving to the S&P MidCap 400 have market caps
between $3.5 billion and $4.7
billion, and the companies moving to the S&P SmallCap
600 have market caps below $1.5
billion. The transfers will be as follows:
S&P MidCap 400 constituent Cimarex Energy Co. (NYSE:XEC) will
replace International Game Technology. (NYSE:IGT) in the S&P
500, and International Game Technology will replace Cimarex Energy
in the S&P MidCap 400.
S&P SmallCap 600 constituents Live Nation Entertainment Inc.
(NYSE:LYV) and ARRIS Group Inc. (NASD:ARRS) will replace Masimo
Corp. (NASD:MASI) and The Brink's Company (NYSE:BCO) in the
S&P MidCap 400, and Masimo and The Brink's Company will replace
Live Nation Entertainment and ARRIS Group in the S&P SmallCap
600.
- Chesapeake Lodging Trust (NYSE:CHSP) will replace Jos. A. Bank
Clothiers Inc. (NASD:JOSB) in the S&P SmallCap 600. S&P
SmallCap 600 constituent The Men's Wearhouse Inc. (NYSE:MW) is
acquiring Jos. A. Bank Clothiers in a deal expected to be completed
soon, pending final conditions.
Cimarex Energy operates as an independent oil and gas
exploration and production company. Headquartered in Denver, CO, the company will be added to the
S&P 500 GICS (Global Industry Classification Standard) Oil
& Gas Exploration & Production Sub-Industry index.
International Game Technology designs, develops, manufactures,
and markets casino-style gaming equipment, systems technology, and
game content for land-based and online markets. Headquartered in
Las Vegas, NV, the company will be
added to the S&P MidCap 400 GICS Casinos & Gaming
Sub-Industry index.
Live Nation Entertainment operates as a live entertainment
company. Headquartered in Beverly Hills,
CA, the company will be added to the S&P MidCap 400 GICS
Movies & Entertainment Sub-Industry index.
ARRIS Group provides media entertainment and data communications
solutions. Headquartered in Suwanee, GA, the company will be added to the
S&P MidCap 400 Communications Equipment Sub-Industry index.
Masimo develops, manufactures, and markets various noninvasive
patient monitoring products. Headquartered in Irvine, CA, the company will be added to the
S&P SmallCap 600 Health Care Equipment Sub-Industry index.
The Brink's Company provides secure transportation, cash
management, and other security-related services. Headquartered in
Richmond, VA, the company will be
added to the S&P SmallCap 600 Security & Alarm Services
Sub-Industry index.
Chesapeake Lodging Trust is an equity real estate investment
trust (REIT) focused on investments primarily in upper-upscale
hotels. Headquartered in Annapolis,
MD, the company will be added to the S&P SmallCap 600
Hotel & Resort REITs Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX –
June 20, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Cimarex
Energy
|
Energy
|
Oil & Gas
Exploration & Production
|
DELETED
|
International Game
Technology
|
Consumer
Discretionary
|
Casinos &
Gaming
|
S&P MIDCAP 400
INDEX – June 20, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
International Game
Technology
|
Consumer
Discretionary
|
Casinos &
Gaming
|
|
Live Nation
Entertainment
|
Consumer
Discretionary
|
Movies &
Entertainment
|
|
ARRIS Group
|
Information
Technology
|
Communications
Equipment
|
DELETED
|
Cimarex
Energy
|
Energy
|
Oil & Gas
Exploration & Production
|
|
Masimo
|
Health Care
|
Health Care
Equipment
|
|
The Brink's
Company
|
Industrials
|
Security & Alarm
Services
|
S&P SMALLCAP 600
INDEX – June 20, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Masimo
|
Health Care
|
Health Care
Equipment
|
|
The Brink's
Company
|
Industrials
|
Security & Alarm
Services
|
|
Chesapeake Lodging
Trust
|
Financials
|
Hotel & Resort
REITs
|
DELETED
|
Live Nation
Entertainment
|
Consumer
Discretionary
|
Movies &
Entertainment
|
|
ARRIS Group
|
Information
Technology
|
Communications
Equipment
|
|
Jos. A. Bank
Clothiers
|
Consumer
Discretionary
|
Apparel
Retail
|
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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Dave Guarino
Communications
S&P Dow Jones Indices
dave.guarino@spdji.com
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