NEW YORK, June 24, 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:
- S&P MidCap 400 constituent Affiliated Managers Group Inc.
(NYSE: AMG) will replace Forest Laboratories Inc. (NYSE: FRX) in
the S&P 500, S&P SmallCap 600 constituent LaSalle Hotel
Properties (NYSE: LHO) will replace Affiliated Managers Group in
the S&P MidCap 400, and Sagent Pharmaceuticals Inc. (NASD:
SGNT) will replace LaSalle Hotel Properties in the S&P SmallCap
600 after the close of trading on Monday,
June 30. S&P 500 constituent Actavis plc (NYSE: ACT) is
acquiring Forest Laboratories in a transaction expected to be
completed after the close of trading on that date.
- Rayonier Advanced Materials Inc. (NYSE: RYAMwi) will replace
Intrepid Potash Inc. (NYSE: IPI) in the S&P MidCap 400, and
Intrepid Potash will replace JAKKS Pacific Inc. (NASD: JAKK) in the
S&P SmallCap 600 after the close of trading on Friday, June 27. S&P MidCap 400 constituent
Rayonier Inc. (NYSE: RYN) is spinning off Rayonier Advanced
Materials to shareholders in a transaction expected to be effective
after the close of trading on that date. Rayonier will remain in
the S&P MidCap 400 after the spin-off. Intrepid Potash is
ranked near the bottom of the S&P MidCap 400 and is more
appropriate for the S&P SmallCap 600. JAKKS Pacific is ranked
near the bottom of the S&P SmallCap 600 and is no longer
representative of that index.
- TimkenSteel Corp. (NYSE: TMSTwi) will replace Greenhill &
Co. (NYSE: GHL) in the S&P MidCap 400, and Greenhill will
replace Spartan Motors Inc. (NASD: SPAR) in the S&P SmallCap
600 after the close of trading on Monday,
June 30. S&P MidCap 400 constituent Timken Co. (NYSE:
TKR) is spinning off TimkenSteel to shareholders in a transaction
expected to be effective after the close of trading on that date.
Timken will remain in the S&P MidCap 400 after the spin-off.
Greenhill is ranked near the bottom of the S&P MidCap 400 and
is more appropriate for the S&P SmallCap 600. Spartan Motors is
ranked near the bottom of the S&P SmallCap 600 and is no longer
representative of that index.
- S&P SmallCap 600 constituent Belden Inc. (NYSE: BDC) will
replace Fidelity National Financial Inc. (NYSE: FNF) in the S&P
MidCap 400, and Synergy Resources Corp. (AMEX: SYRG) will replace
Belden in the S&P SmallCap 600 after the close of trading on
Monday, June 30. Effective on that
date, Fidelity National is reclassifying its common stock into two
tracking stocks. Per S&P U.S. Indices methodology, tracking
stocks are not eligible for inclusion in S&P U.S.
Indices.
- Veritiv Corp. (NYSE: VRTVwi) will replace Higher One Holdings
Inc. (NYSE: ONE) in the S&P SmallCap 600 after the close of
trading on Tuesday, July 1. S&P
500 constituent International Paper Corp. (NYSE: IP) is spinning
off its distribution solutions business, and the newly spun company
will then merge with privately held UWW Holdings Inc. to create
Veritiv Corp. The transaction is expected to be effective after the
close of trading on July 1.
International Paper will remain in the S&P 500 after the
spin-off. Higher One Holdings is ranked near the bottom of the
S&P SmallCap 600 and is no longer representative of that
index.
Affiliated Managers Group operates as an asset management
company. Headquartered in Prides Crossing, MA, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Asset Management & Custody Banks Sub-Industry
index.
LaSalle Hotel Properties, a real estate investment trust (REIT),
engages in the purchase, ownership, redevelopment, and leasing of
hotels. Headquartered in Bethesda,
MD, the company will be added to the S&P MidCap 400 GICS
Hotel & Resorts REITs Sub-Industry index.
Sagent Pharmaceuticals develops, sources, manufactures, and
markets pharmaceutical products. Headquartered in Schaumburg, IL, the company will be added to
the S&P SmallCap 600 GICS Pharmaceuticals Sub-Industry
index.
Rayonier Advanced Materials is a producer of high-purity
cellulose. Headquartered in Jacksonville,
FL, the company will be added to the S&P MidCap 400 GICS
Specialty Chemicals Sub-Industry index.
Intrepid Potash produces and markets muriate of potash and
langbeinite. Headquartered in Denver,
CO, the company will be added to the S&P SmallCap 600
GICS Fertilizers & Agricultural Chemicals Sub-Industry
index.
TimkenSteel manufactures and sells alloy steel, and carbon and
micro-alloy steel products. Headquartered in Canton, OH, the company will be added to the
S&P MidCap 400 GICS Steel Sub-Industry index.
Belden designs, manufactures, and markets signal transmission
solutions. Headquartered in St. Louis,
MO, the company will be added to the S&P MidCap 400 GICS
Electronic Components Sub-Industry index.
Greenhill & Co. operates as an independent investment bank.
Headquartered in New York, NY, the
company will be added to the S&P SmallCap 600 GICS Investment
Banking & Brokerage Sub-Industry index.
Synergy Resources acquires, explores, develops, produces, and
exploits crude oil and natural gas properties. Headquartered in
Platteville, CO, the company will
be added to the S&P SmallCap 600 GICS Oil & Gas Exploration
& Production Sub-Industry index.
Veritiv is a distributor of printing and business paper
products, packaging supplies and equipment, and facility supplies
and equipment. Headquartered in Memphis,
TN, the company will be added to the S&P SmallCap 600
GICS Trading Companies & Distributors Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – June 27, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Rayonier Advanced
Materials
|
Materials
|
Specialty
Chemicals
|
DELETED
|
Intrepid
Potash
|
Materials
|
Fertilizers &
Agricultural Chemicals
|
S&P SMALLCAP 600
INDEX – June 27, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Intrepid
Potash
|
Materials
|
Fertilizers &
Agricultural Chemicals
|
DELETED
|
JAKKS
Pacific
|
Consumer
Discretionary
|
Leisure
Products
|
S&P 500 INDEX –
June 30, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Affiliated Managers
Group
|
Financials
|
Asset Management &
Custody Banks
|
DELETED
|
Forest
Laboratories
|
Health Care
|
Pharmaceuticals
|
S&P MIDCAP 400
INDEX – June 30, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
LaSalle Hotel
Properties
|
Financials
|
Hotel & Resort
REITs
|
|
TimkenSteel
|
Materials
|
Steel
|
|
Belden
|
Information
Technology
|
Electronic
Components
|
DELETED
|
Affiliated Managers
Group
|
Financials
|
Asset Management &
Custody Banks
|
|
Greenhill &
Co.
|
Financials
|
Investment Banking
& Brokerage
|
|
Fidelity National
Financial
|
Financials
|
Property & Casualty
Insurance
|
S&P SMALLCAP 600
INDEX – June 30, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Sagent
Pharmaceuticals
|
Health Care
|
Pharmaceuticals
|
|
Greenhill &
Co.
|
Financials
|
Investment Banking
& Brokerage
|
|
Synergy
Resources
|
Energy
|
Oil & Gas
Exploration & Production
|
DELETED
|
LaSalle Hotel
Properties
|
Financials
|
Hotel & Resort
REITs
|
|
Belden
|
Information
Technology
|
Electronic
Components
|
|
Spartan
Motors
|
Consumer
Discretionary
|
Auto Parts &
Equipment
|
S&P SMALLCAP 600
INDEX – July 1, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Veritiv
|
Industrials
|
Trading Companies &
Distributors
|
DELETED
|
Higher One
Holdings
|
Information
Technology
|
Data Processing &
Outsourced Services
|
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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For more information:
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+) 212 438 3907
david.blitzer@spdji.com
David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
dave.guarino@spdji.com
SOURCE S&P Dow Jones Indices