NEW YORK, April 4, 2016 /PRNewswire/ -- Restoration
Hardware Holdings Inc. (NYSE: RH) will replace Atmel Corp. (NASD:
ATML) in the S&P MidCap 400 after the close of trading on
Wednesday, April 6. S&P 500
constituent Microchip Technology Inc. (NASD: MCHP) is acquiring
Atmel in a deal expected to be completed today pending final
conditions.
Restoration Hardware Holdings is a home furnishings retailer.
Headquartered in Corte Madera,
CA, the company will be added to the S&P MidCap 400 GICS
(Global Industry Classification Standard) Homefurnishing Retail
Sub-Industry index.
Following is a summary of the change:
|
S&P MIDCAP 400
INDEX – April 6, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Restoration Hardware
Holdings
|
Consumer
Discretionary
|
Homefurnishing
Retail
|
|
DELETED
|
Atmel
|
Information
Technology
|
Semiconductors
|
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.
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
About S&P Dow Jones Indices
S&P Dow Jones
Indices LLC, a part of McGraw Hill Financial, is the world's
largest, global resource for index-based concepts, data and
research. Home to iconic financial market indicators, such as the
S&P 500® and the Dow Jones Industrial
Average®, S&P Dow Jones Indices LLC has over 115
years of experience constructing innovative and transparent
solutions that fulfill the needs of investors. More assets are
invested in products based upon our indices than any other provider
in the world. With over 1,000,000 indices covering a wide range of
asset classes across the globe, S&P Dow Jones Indices LLC
defines the way investors measure and trade the markets. To learn
more about our company, please visit www.spdji.com.
S&P® is a registered trademark of Standard & Poor's
Financial Services LLC ("S&P"), a part of McGraw Hill
Financial. Dow Jones® is a registered trademark of Dow Jones
Trademark Holdings LLC ("Dow Jones"). These trademarks have been
licensed to S&P Dow Jones Indices LLC. It is not possible to
invest directly in an index. S&P Dow Jones Indices LLC, Dow
Jones, S&P and their respective affiliates (collectively
"S&P Dow Jones Indices") do not sponsor, endorse, sell, or
promote any investment fund or other investment vehicle that is
offered by third parties and that seeks to provide an investment
return based on the performance of any index. This document does
not constitute an offer of services in jurisdictions where S&P
Dow Jones Indices does not have the necessary licenses. S&P Dow
Jones Indices receives compensation in connection with licensing
its indices to third parties.
S&P DJI MEDIA CONTACTS:
David Blitzer
Managing Director and Chairman of Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com
Soogyung Jordan
Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/restoration-hardware-holdings-set-to-join-the-sp-midcap-400-300245859.html
SOURCE S&P Dow Jones Indices