NEW YORK, Nov. 23, 2016 /PRNewswire/ -- S&P SmallCap 600 constituent Littelfuse Inc. (NASD: LFUS) will replace Lexmark International Inc. (NYSE: LXK) in the S&P MidCap 400, and Insteel Industries Inc. (NASD: IIIN) will replace Littelfuse in the S&P SmallCap 600 after the close of trading on Monday, November 28. Lexmark International is being acquired by Apex Technology and PAG Asia Capital in a deal expected to be completed on or about that date pending final conditions.

Littelfuse designs, manufactures, and sells circuit protection devices. Headquartered in Chicago, IL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Electronic Components Sub-Industry index.

Insteel Industries manufactures and markets steel wire reinforcing products. Headquartered in Mount Airy, NC, the company will be added to the S&P SmallCap 600 GICS Building Products Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – NOVEMBER 28, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Littelfuse

Information Technology

Electronic Components

DELETED

Lexmark International

Information Technology

Technology Hardware, Storage & Peripherals

 

S&P SMALLCAP 600 INDEX – NOVEMBER 28, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Insteel Industries

Industrials

Building Products

DELETED

Littelfuse

Information Technology

Electronic Components

 

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 based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines 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:

David Blitzer
Managing Director and Chairman of the Index Committee 
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com

Luke Shane
Communications Manager
New York, USA
(+1) 212 438 8184
luke.shane@spglobal.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/littelfuse-set-to-join-the-sp-midcap-400-insteel-industries-to-join-sp-smallcap-600-300368319.html

SOURCE S&P Dow Jones Indices

Copyright 2016 PR Newswire

Lexmark (NYSE:LXK)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Lexmark Charts.
Lexmark (NYSE:LXK)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Lexmark Charts.