NEW YORK, June 2, 2014 /PRNewswire/ -- Time Inc.
(NYSE: TIMEwi) will replace Bob Evans Farms Inc. (NASD: BOBE)
in the S&P MidCap 400, and Bob Evans Farms will replace Blyth
Inc. (NYSE: BTH) in the S&P SmallCap 600 effective after the
close of trading on Friday, June 6.
S&P 100 & 500 constituent Time Warner Inc. (NYSE: TWX) is
spinning off Time to shareholders in a transaction expected to be
completed after the close of trading on that date. Post spin, Time
Warner will remain in the S&P 100 & 500 indices. Bob Evans
Farms is ranked # 400 in the S&P MidCap 400 and is more
appropriate for the S&P SmallCap 600. Blyth is ranked near the
bottom of the S&P SmallCap 600 and is no longer representative
of that index.
Time publishes magazines. Headquartered in New York, NY, the company will be added to the
S&P MidCap 400 GICS (Global Industry Classification Standard)
Publishing Sub-Industry index.
Bob Evans Farms owns and operates full-service restaurants.
Headquartered in Columbus, OH, the
company will be added to the S&P SmallCap 600 GICS Restaurants
Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400
INDEX – June 6, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Time
|
Consumer
Discretionary
|
Publishing
|
|
DELETED
|
Bob Evans
Farms
|
Consumer
Discretionary
|
Restaurants
|
|
S&P SMALLCAP
600 INDEX – June 6, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Bob Evans
Farms
|
Consumer
Discretionary
|
Restaurants
|
|
DELETED
|
Blyth
|
Consumer
Discretionary
|
Housewares &
Specialties
|
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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