NEW YORK, Aug. 22, 2016 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P MidCap
400 and S&P SmallCap 600 indices:
- Chemical Financial Corp. (NASD: CHFC) will replace Supervalu
Inc. (NYSE: SVU) in the S&P MidCap 400, and Supervalu will
replace Talmer Bancorp Inc. (NASD: TLMR) in the S&P SmallCap
600 after the close of trading on Wednesday,
August 31. Chemical Financial is acquiring Talmer in a deal
expected to be completed on or about that date pending final
approvals. Supervalu has a market capitalization more
representative of the small-cap market space.
- Shoe Carnival Inc. (NASD: SCVL) will replace Sagent
Pharmaceuticals Inc. (NASD: SGNT) in the S&P SmallCap 600 after
the close of trading on Friday, August
26. Nichi-Iko Pharmaceutical Co. is acquiring Sagent in a
deal expected to be completed soon pending final conditions.
- Eagle Pharmaceuticals Inc. (NASD: EGRX) will replace Cash
America International Inc. (NYSE: CSH) in the S&P SmallCap 600
after the close of trading on Thursday,
September 1. S&P SmallCap 600 constituent First Cash
Financial Services Inc. (NASD: FCFS) is acquiring Cash America in a
deal expected to be completed on or about that date pending final
approvals. Post merger, the combined company will be named
FirstCash Inc.
Chemical Financial offers banking and fiduciary products and
services. Headquartered in Midland,
MI, the Company will be added to the S&P MidCap 400 GICS
(Global Industry Classification Standard) Regional Banks
Sub-Industry index.
Supervalu operates as a grocery wholesaler and retailer.
Headquartered in Eden Prairie, MN,
the Company will be added to the S&P SmallCap 600 GICS Food
Retail Sub-Industry index.
Shoe Carnival operates as family footwear retailer.
Headquartered in Evansville, IN,
the company will be added to the S&P SmallCap 600 GICS Apparel
Retail Sub-Industry index.
Eagle Pharmaceuticals focuses on developing and commercializing
injectable products primarily in the critical care and oncology
areas. Headquartered in Woodcliff Lake,
NJ, the Company will be added to the S&P SmallCap 600
GICS Biotechnology Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP
600 INDEX – AUGUST 26, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Shoe
Carnival
|
Consumer
Discretionary
|
Apparel
Retail
|
DELETED
|
Sagent
Pharmaceuticals
|
Health
Care
|
Pharmaceuticals
|
S&P MIDCAP 400
INDEX – AUGUST 31, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Chemical
Financial
|
Financials
|
Regional
Banks
|
DELETED
|
SuperValu
|
Consumer
Staples
|
Food
Retail
|
S&P SMALLCAP
600 INDEX – AUGUST 31, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
SuperValu
|
Consumer
Staples
|
Food
Retail
|
DELETED
|
Talmer
Bancorp
|
Financials
|
Regional
Banks
|
S&P SMALLCAP
600 INDEX – SEPTEMBER 1, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Eagle
Pharmaceuticals
|
Health
Care
|
Biotechnology
|
DELETED
|
Cash
America
|
Financials
|
Consumer
Finance
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com.
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FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/chemical-financial-set-to-join-sp-midcap-400-supervalu-shoe-carnival-and-eagle-pharmaceuticals-to-join-sp-smallcap-600-300316659.html
SOURCE S&P Dow Jones Indices