NEW YORK, June 3, 2019 /PRNewswire/ -- S&P MidCap 400
constituent Bemis Company Inc. (NYSE: BMS) will replace Mattel Inc.
(NASD: MAT) in the S&P 500, and Mattel will replace Bemis in
the S&P MidCap 400 effective prior to the open of trading on
Friday, June 7. Amcor Limited (ASX:
AMC) is merging with Bemis in a transaction expected to be
completed soon pending final conditions. The combined company will
be considered US domiciled for index purposes, and Bemis will be
treated as the surviving entity. Post merger, the company will be
named Amcor plc and will trade on the New York Stock Exchange under
ticker symbol "AMCR". Amcor plc will have a projected total
market capitalization that is more representative of the large-cap
market space. Mattel is ranked near the bottom of the S&P 500
and has a total market capitalization that is more representative
of the mid-cap market space.
Bemis manufacturers and sells packaging products. Headquartered
in Neenah, WI, the company will be
added to the S&P 500 Global Industry Classification Standard
(GICS) Paper Packaging Sub-Industry index.
Mattel designs and produces toys and consumer products.
Headquartered in El Segundo, CA,
the company will be added to the S&P MidCap 400 GICS Leisure
Products Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX
– June 7, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Bemis
|
Materials
|
Paper
Packaging
|
DELETED
|
Mattel
|
Consumer
Discretionary
|
Leisure
Products
|
S&P MIDCAP 400
INDEX – June 7, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Mattel
|
Consumer
Discretionary
|
Leisure
Products
|
DELETED
|
Bemis
|
Materials
|
Paper
Packaging
|
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