Medidata Solutions Set to Join S&P MidCap 400; McDermott International to Join S&P SmallCap 600

NEW YORK, June 20, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent Medidata Solutions Inc. (NASD: MDSO) will replace PrivateBancorp Inc. (NASD: PVTB) in the S&P MidCap 400, and McDermott International Inc. (NYSE: MDR) will replace Medidata Solutions in the S&P SmallCap 600 effective prior to the open on Monday, June 26. Canadian Imperial Bank of Commerce is acquiring PrivateBancorp in a deal expected to be completed on June 23.

Medidata Solutions provides cloud-based solutions. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Health Care Technology Sub-Industry index.

McDermott International provides engineering, procurement, construction and installation, front-end engineering and design, and module fabrication services. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Equipment & Services Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – June 26, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Medidata
Solutions

Health Care

Health Care Technology

DELETED

PrivateBancorp

Financials

Regional Banks

 

S&P SMALLCAP 600 INDEX – June 26, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

McDermott
International

Energy

Oil & Gas Equipment &
Services

DELETED

Medidata
Solutions

Health Care

Health Care Technology

 

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:

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