Press Releases
NEW YORK, Oct. 1, 2012 /PRNewswire/ -- S&P MidCap 400 constituent PetSmart Inc. (NASD:PETM) will replace Sunoco Inc. (NYSE:SUN) in the S&P 500, S&P SmallCap 600 constituent Cabela's Inc. (NYSE:CAB) will replace PetSmart in the S&P MidCap 400, and Acorda Therapeutics Inc. (NASD:ACOR) will replace Cabela's in the S&P SmallCap 600 after the close of trading on Thursday, October 4. Energy Transfer Partners L.P. (NYSE:ETP) is acquiring Sunoco in a deal expected to be completed on or about that date pending final approvals.
PetSmart operates as a specialty pet retailer. Headquartered in Phoenix, AZ, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialty Stores Sub-Industry index.
Cabela's operates as a specialty retailer and direct marketer of hunting, fishing, camping, and related outdoor merchandise. Headquartered in Sidney, NE, the company will be added to the S&P MidCap 400 Specialty Stores Sub-Industry index.
Acorda Therapeutic is a commercial stage biopharmaceutical company. Headquartered in Ardsley, NY, the company will be added to the S&P SmallCap 600 Biotechnology Sub-Industry index.
Following is a summary of the changes:
|
S&P 500 INDEX – October 4, 2012 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
PetSmart |
Consumer Discretionary |
Specialty Stores |
|
DELETED |
Sunoco |
Energy |
Oil & Gas Refining & Marketing |
|
S&P MIDCAP 400 INDEX – October 4, 2012 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
Cabela's |
Consumer Discretionary |
Specialty Stores |
|
DELETED |
PetSmart |
Consumer Discretionary |
Specialty Stores |
|
S&P SMALLCAP 600 INDEX – October 4, 2012 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
Acorda Therapeutics |
Health Care |
Biotechnology |
|
DELETED |
Cabela's |
Consumer Discretionary |
Specialty Stores |
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.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial AverageSM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, and their respective affiliates, parents, subsidiaries, directors, officers, shareholders, employees and agents (collectively "S&P Dow Jones Indices") does not sponsor, endorse, sell, or promote any investment fund or other vehicle that is offered by third parties and that seeks to provide an investment return based on the returns of any S&P Dow Jones Indices index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices or its affiliates do not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
STANDARD & POOR'S and S&P are registered trademarks of Standard & Poor's Financial Services LLC. "Dow Jones" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").
For more information:
Dave Guarino
Communications
S&P Dow Jones Indices
dave_guarino@spdji.com
212-438-1471
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david_blitzer@spdji.com
212-438-3907
SOURCE S&P Dow Jones Indices
