NEW YORK, June 14, 2013 /PRNewswire/ -- Zoetis Inc.
(NYSE: ZTSwi) will replace First Horizon National Corp. (NYSE: FHN)
in the S&P 500, First Horizon National will replace QLogic
Corp. (NASD: QLGC) in the S&P MidCap 400, and QLogic will
replace Coldwater Creek Inc. (NASD: CWTR) in the S&P SmallCap
600 after the close of trading on Friday,
June 21. S&P 100 & 500 constituent Pfizer Inc.
(NYSE: PFE) is splitting off its approximately 80% holdings in
Zoetis in an exchange offer expected to be completed soon, pending
final conditions. First Horizon's total market capitalization is
more representative of the mid cap market space, and QLogic's total
market capitalization is more representative of the small cap
market space. Coldwater Creek is ranked #600 in the SmallCap
600.
Zoetis engages in the discovery, development, manufacture, and
commercialization of animal health medicines and vaccines.
Headquartered in Madison,
NJ, the company will be added to the S&P 500 GICS
(Global Industry Classification Standard) Pharmaceuticals
Sub-Industry index.
First Horizon National operates as a bank, providing various
financial services. Headquartered in Memphis, TN, the company will be added to the
S&P MidCap 400 GICS Regional Banks Sub-Industry index.
QLogic designs and supplies network infrastructure products.
Headquartered in Aliso Viejo,
CA, the company will be added to the S&P SmallCap 600
GICS Computer Storage & Peripherals Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX
– June 21, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Zoetis
|
Health
Care
|
Pharmaceuticals
|
DELETED
|
First Horizon
National
|
Financials
|
Regional
Banks
|
S&P MIDCAP 400
INDEX – June 21, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
First Horizon
National
|
Financials
|
Regional
Banks
|
DELETED
|
QLogic
|
Information
Technology
|
Computer Storage
& Peripherals
|
S&P SMALLCAP
600 INDEX – June 21, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
QLogic
|
Information
Technology
|
Computer Storage
& Peripherals
|
DELETED
|
Coldwater
Creek
|
Consumer
Discretionary
|
Apparel
Retail
|
Additions to and deletions from S&P Dow Jones Indices
do not in any way reflect an opinion on the investment merits of
the companies involved.
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