Press Releases
NEW YORK, April 17, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 indices:
- Gigamon Inc. (NYSE: GIMO) will replace Ixia (NASD: XXIA) effective prior to the open on Thursday, April 20. S&P MidCap 400 constituent Keysight Technologies Inc. (NYSE: KEYS) is acquiring Ixia in a deal expected to be completed on or about that date pending final conditions.
- CBL & Associates Properties Inc. (NYSE: CBL) will replace Air Methods Corp. (NASD: AIRM) effective prior to the open on Monday, April 24. American Securities LLC is acquiring Air Methods in a deal expected to be completed soon pending final conditions.
- Cytokinetics Inc. (NASD: CYTK) will replace Cardinal Financial Corp. (NASD: CFNL) effective prior to the open on Monday, April 24. S&P MidCap 400 constituent United Bankshares Inc. (NASD: UBSI) is acquiring Cardinal Financial in a deal expected to be completed on or about that date pending final conditions.
Gigamon develops and delivers solutions that deliver visibility and control of data-in-motion traversing enterprise, federal, and service provider networks. Headquartered in Santa Clara, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Systems Software Sub-Industry index.
CBL & Associates Properties, a public real estate investment trust (REIT), owns, develops, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties. Headquartered in Chattanooga, TN, the company will be added to the S&P SmallCap 600 GICS Retail REITS Sub-Industry index.
Cytokinetics is a late-stage biopharmaceutical company, focusing on discovering, developing, and commercializing muscle activators. Headquartered in South San Francisco, CA, 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 – APRIL 20, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Gigamon |
Information Technology |
Systems Software |
|
DELETED |
Ixia |
Information Technology |
Communications |
|
S&P SMALLCAP 600 INDEX – APRIL 24, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
CBL & |
Real Estate |
Retail REITS |
|
Cytokinetics |
Health Care |
Biotechnology | |
|
DELETED |
Air Methods |
Health Care |
Health Care Services |
|
Cardinal |
Financials |
Regional Banks | |
For more information about S&P Dow Jones Indices, please visit www.spdji.com.
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FOR MORE INFORMATION:
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
SOURCE S&P Dow Jones Indices