NEW YORK, Feb. 23, 2011 /PRNewswire/ -- S&P MidCap 400
constituent Navigant Consulting Inc. (NYSE: NCI) will replace
Genoptix Inc. (Nasdaq: GXDX) in the S&P SmallCap 600 index, and
Northern Oil and Gas Inc. (NYSE Amex: NOG) will replace Navigant
Consulting in the S&P MidCap 400 after the close of trading on
Friday, February 25, 2011. Genoptix
is being acquired by S&P Global 1200 constituent Novartis AG in
a deal expected to be completed soon, pending final conditions.
Navigant Consulting's market capitalization is below $490 million, making it more representative of
the small cap space.
Standard & Poor's will monitor this transaction, and post
any relevant updates on its website: www.standardandpoors.com.
Navigant Consulting is a specialty consulting firm.
Headquartered in Chicago, IL, the
company will be added to the S&P Small Cap 600 GICS (Global
Industry Classification Standard) Research & Consulting
Services Sub-Industry index.
Northern Oil and Gas acquires, explores and develops oil and
natural gas properties. Headquartered in Wayzata, MN, the company will be added to the
S&P Midcap 400 GICS Oil & Gas Exploration & Production
Sub-Industry index.
Following is a summary of the changes:
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S&P
SMALLCAP 600 INDEX – February 25, 2011
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COMPANY
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GICS
ECONOMIC SECTOR
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GICS
SUB-INDUSTRY
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ADDED
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Navigant
Consulting
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Industrials
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Research
& Consulting Services
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DELETED
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Genoptix
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Health
Care
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Health Care
Services
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S&P
MIDCAP 400 INDEX – February 25, 2011
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COMPANY
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GICS
ECONOMIC SECTOR
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GICS
SUB-INDUSTRY
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ADDED
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Northern Oil
and Gas
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Energy
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Oil &
Gas Exploration & Production
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DELETED
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Navigant
Consulting
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Industrials
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Research
& Consulting Services
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For more information about S&P Indices, please visit
www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, the world's leading index provider, maintains a
wide variety of investable and benchmark indices to meet an array
of investor needs. Over $1.25
trillion is directly indexed to Standard & Poor's family
of indices, which includes the S&P 500, the world's most
followed stock market index, the S&P/Case-Shiller Home Price
Indices, the leading measure of U.S. home prices, the S&P
Global BMI, an index with approximately 11,000 constituents, the
S&P GSCI, the industry's most closely watched commodities
index, and the S&P National AMT-Free Municipal Bond Index, the
premier investable index for U.S. municipal bonds. For more
information, please visit www.standardandpoors.com/indices.
For more information contact:
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David M. Blitzer,
Ph.D.
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Managing Director & Chairman
of the Index Committee
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(212) 438-3907
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SOURCE Standard & Poor's