NEW YORK, Oct. 27, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices effective after the close of trading on Friday, October 31:

• Keysight Technologies Inc. (NYSE:KEYSwi) will replace Universal Corp. (NYSE:UVV) in the S&P MidCap 400, and Universal will replace Rubicon Technology Inc. (NASD:RBCN) in the S&P SmallCap 600. S&P 500 constituent Agilent Technologies Inc. (NYSE:A) is spinning off Keysight Technologies in a transaction expected to be completed on that date. Agilent will remain in the S&P 500 following the distribution. Universal's market capitalization is approximately $1.0 billion, making it more representative of the small cap market space. Rubicon Technology is ranked at the bottom of the S&P SmallCap 600.
• Halyard Health Inc. (NYSE:HYHwi) will replace ADTRAN Inc. (NASD:ADTN) in the S&P MidCap 400, and ADTRAN will replace Forest Oil Corp. (NYSE:FST) in the S&P SmallCap 600. S&P 500 constituent Kimberly-Clark Corp. (NYSE:KMB) is spinning off Halyard Health in a transaction expected to be completed on that date. Kimberly-Clark will remain in the S&P 500 following the distribution. ADTRAN's market capitalization is below $1.2 billion, making it more representative of the small cap market space. Forest Oil is ranked near the bottom of the S&P SmallCap 600.

Keysight Technologies provides electronic measurement solutions. Headquartered in Santa Rosa, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Electronic Equipment & Instruments Sub-Industry index.

Universal operates as a leaf tobacco merchant and processor. Headquartered in Richmond, VA, the company will be added to the S&P SmallCap 600 GICS Tobacco Sub-Industry index.

Halyard Health sells surgical and anti-infection products for operating rooms. Headquartered in Alpharetta, GA, the company will be added to the S&P MidCap 400 GICS Health Care Supplies Sub-Industry index.

ADTRAN manufactures and sells networking and communications equipment. Headquartered in Huntsville, AL, the company will be added to the S&P SmallCap 600 GICS Communications Equipment Sub-Industry index.

Following is a summary of the changes:

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.

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For more information:

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+) 212 438 3907
david.blitzer@spdji.com 

David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
dave.guarino@spdji.com

SOURCE S&P Dow Jones Indices