NEW YORK, May 27, 2021 /PRNewswire/ -- Organon &
Co. (NYSE: OGN) will be added to the S&P 500 prior to the open
of trading on Thursday, June 3,
replacing HollyFrontier, which will be removed from the S&P 500
effective prior to the open of trading on Friday, June 4.
HollyFrontier will replace Service Properties Trust (NASD:SVC)
in the S&P MidCap 400, and Service Properties Trust will
replace Lannett Co Inc. (NYSE:LCI) in the S&P SmallCap 600 also
effective prior to the open on June
4. S&P 500 and 100 constituent Merck & Co (NYSE:
MRK) is spinning off Organon (NYSE: OGN) in a transaction expected
to be completed post close on Wednesday,
June 2. Post spin-off, Merck will remain in the S&P 500
and 100 indices. HollyFrontier has a market capitalization
more representative of the mid-cap market space. Lannett is no
longer representative of the small-cap market space.
Following is a summary of the changes that will take place prior
to the open of trading on the effective date:
Effective
Date
|
Index
Name
|
Action
|
Company
Name
|
Ticker
|
GICS
Sector
|
June 3,
2021
|
S&P
500
|
Addition
|
Organon
|
OGN
|
Health
Care
|
June 4,
2021
|
S&P
500
|
Deletion
|
HollyFrontier
|
HFC
|
Energy
|
|
S&P MidCap
400
|
Addition
|
HollyFrontier
|
HFC
|
Energy
|
|
S&P MidCap
400
|
Deletion
|
Service Properties
Trust
|
SVC
|
Real
Estate
|
|
S&P SmallCap
600
|
Addition
|
Service Properties
Trust
|
SVC
|
Real
Estate
|
|
S&P SmallCap
600
|
Deletion
|
Lannett Co
|
LCI
|
Health
Care
|
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