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