Press Releases
NEW YORK, May 16, 2013 /PRNewswire/ -- S&P MidCap 400 constituent Kansas City Southern (NYSE: KSU) will replace Dean Foods Co. (NYSE: DF) in the S&P 500, the Dean Foods Co. stub (NYSE: DFwi) will replace Kansas City Southern in the S&P MidCap 400, and The WhiteWave Foods Co. (NYSE: WWAVwi) will replace Quicksilver Resources Inc. (NYSE: KWK) in the S&P MidCap 400 after the close of trading on Thursday, May 23. Dean Foods is spinning off a portion of its remaining equity interest in WhiteWave in a transaction expected to be completed on or around that date, pending final approvals. The reduced market capitalization of Dean Foods after the spin-off will make it more representative of the midcap market space. Quicksilver Resources is ranked 400th in the S&P MidCap 400 and is no longer representative of the midcap market space.
Kansas City Southern engages in the freight rail transportation business. Headquartered in Kansas City, MO, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Railroads Sub-Industry index.
Dean Foods is a food and beverage company. Headquartered in Dallas, TX, the company will be added to the S&P MidCap 400 GICS Packaged Foods & Meats Sub-Industry index.
WhiteWave Foods is a consumer packaged food and beverage company. Headquartered in Dallas, TX, the company will be added to the S&P MidCap 400 GICS Packaged Foods & Meats Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX – May 23, 2013 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Kansas City Southern |
Industrials |
Railroads |
DELETED |
Dean Foods |
Consumer Staples |
Packaged Foods & Meats |
S&P MIDCAP 400 INDEX – May 23, 2013 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Dean Foods |
Consumer Staples |
Packaged Foods & Meats |
WhiteWave Foods |
Consumer Staples |
Packaged Foods & Meats |
|
DELETED |
Kansas City Southern |
Industrials |
Railroads |
Quicksilver Resources |
Energy |
Oil & Gas Exploration & Production |
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