NEW YORK, Nov. 28, 2017 /PRNewswire/ -- Delphi
Technologies plc (NYSE: DLPH- new) will replace Frontier
Communications Corp. (NASD: FTR) in the S&P MidCap 400, and
Frontier Communications will replace Contango Oil & Gas Co.
(NYSE American: MCF) in the S&P SmallCap 600 effective prior to
the open of trading on Wednesday, December
6. S&P 500 constituent Delphi Automotive plc (NYSE:
DLPH), to be renamed Aptiv plc and trade under new symbol APTV, is
spinning off Delphi Technologies in a transaction expected to be
completed post close on Monday, December
4, pending final conditions. The renamed Aptiv plc will
remain in the S&P 500 following the spin-off transaction.
Frontier Communications is ranked near the bottom of the S&P
MidCap 400 and is no longer representative of the mid-cap market
space. With a market capitalization below $100 million, Contango is ranked at the bottom of
the S&P SmallCap 600 and is no longer representative of the
small-cap market space.
Delphi Technologies manufactures power train vehicle propulsion
systems. Headquartered in Gillingham, United Kingdom, the company will be added to
the S&P MidCap 400 GICS Auto
Parts & Equipment Sub-Industry index.
Frontier Communications provides communications services to
residential, business and wholesale customers. Headquartered in
Norwalk, CT, the company will be
added to the S&P SmallCap 600 GICS Integrated Telecommunication
Services Sub-Industry index.
Following is a summary of the changes:
|
S&P MidCap 400
INDEX – DECEMBER 6, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Delphi
Technologies
|
Consumer
Discretionary
|
Auto Parts &
Equipment
|
|
DELETED
|
Frontier
Communications
|
Telecommunication
Services
|
Integrated
Telecom
Services
|
|
|
|
S&P SMALLCAP
600 INDEX – DECEMBER 6, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Frontier
Communications
|
Telecommunication
Services
|
Integrated
Telecom
Services
|
|
DELETED
|
Contango Oil
&
Gas
|
Energy
|
Oil & Gas
Exploration &
Production
|
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 is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P
500® and the Dow Jones Industrial Average®.
More assets are invested in products based on our indices than
products based on indices from any other provider in the world.
Since Charles Dow invented the first
index in 1884, S&P DJI has become home to over 1,000,000
indices across the spectrum of asset classes that have helped
define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit www.spdji.com.
FOR MORE INFORMATION:
S&P Dow Jones Indices
index_services@spglobal.com
David Blitzer
Managing
Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com
Luke Shane
North
America Communications
New York, USA
(+1) 212 438 8184
luke.shane@spglobal.com
Haw-Yan Man
EMEA
Communications
London, UK
(+44) 207 176 3023
haw-yan.man@spglobal.com
View original
content:http://www.prnewswire.com/news-releases/delphi-technologies-set-to-join-sp-midcap-400-and-frontier-communications-to-join-sp-smallcap-600-300563211.html
SOURCE S&P Dow Jones Indices