Press Releases
NEW YORK, Sept. 23, 2013 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
- S&P SmallCap 600 constituent Cubist Pharmaceuticals Inc. (NASD:CBST) will replace Smithfield Foods Inc. (NYSE:SFD) in the S&P MidCap 400, and Annie's Inc. (NYSE:BNNY) will replace Cubist Pharmaceuticals in the S&P SmallCap 600 after the close of trading on Thursday, September 26. Smithfield Foods is being acquired by Shuanghui International Holdings Ltd. In a deal expected to be completed on or about that date pending final approvals.
- Science Applications International Corp. (NYSE:SAICwi) will replace Barnes & Noble (NYSE:BKS) in the S&P MidCap 400, and Barnes & Noble will replace Radisys Corp. (NASD:RSYS) in the S&P SmallCap 600 after the close of trading on Friday, September 27. SAIC Inc. (NYSE:SAI), which is changing its name to Leidos Holdings Inc., is spinning off Science Applications to shareholders in a transaction expected to be effective after the close of trading on that date. The newly renamed Leidos Holdings will remain in the S&P MidCap 400. Barnes & Noble's market capitalization is now more representative of the small cap market space. Radisys is ranked #600 in the S&P SmallCap 600.
Cubist Pharmaceuticals focuses on the research, development, and commercialization of pharmaceutical products. Headquartered in Lexington, MA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Biotechnology Sub-Industry index.
Annie's engages in the production, marketing, and distribution of natural and organic food products. Headquartered in Berkeley, CA, the company will be added to the S&P SmallCap 600 GICS Packaged Foods & Meats Sub-Industry index.
Sciences Applications International provides technical, engineering and enterprise information technology services. Headquartered in McLean, VA, the company will be added to the S&P MidCap 400 GICS IT Consulting & Other Services Sub-Industry index.
Barnes & Noble is a retailer of content, digital media and educational products. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Specialty Stores Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – September 26, 2013 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Cubist Pharmaceuticals |
Health Care |
Biotechnology |
DELETED |
Smithfield Foods |
Consumer Staples |
Packaged Foods & Meats |
S&P SMALLCAP 600 INDEX – September 26, 2013 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Annie's |
Consumer Staples |
Packaged Foods & Meats |
DELETED |
Cubist Pharmaceuticals |
Health Care |
Biotechnology |
S&P MIDCAP 400 INDEX – September 27, 2013 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Science Applications International |
Information Technology |
IT Consulting & Other Services |
DELETED |
Barnes & Noble |
Consumer Discretionary |
Specialty Stores |
S&P SMALLCAP 600 INDEX – September 27, 2013 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Barnes & Noble |
Consumer Discretionary |
Specialty Stores |
DELETED |
Radisys |
Information Technology |
Electronic Manufacturing Services |
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 part of McGraw Hill Financial, 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 Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of 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 asset 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.
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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