Press Releases
NEW YORK, April 26, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
- S&P MidCap 400 constituent Acuity Brands, Inc. (NYSE: AYI) will replace The ADT Corp. (NYSE: ADT) in the S&P 500, S&P SmallCap 600 constituent ViaSat Inc. (NASD: VSAT) will replace Acuity Brands in the S&P MidCap 400, and Multi-Color Corp. (NASD: LABL) will replace ViaSat in the S&P SmallCap 600 after the close of trading on Monday, May 2. Apollo Global Management, LLC is acquiring The ADT Corp in a deal expected to be completed on or about that date pending final approvals.
- Opus Bank (NASD: OPB) will replace Newport Corp. (NASD: NEWP) in the S&P SmallCap 600 after the close of trading on Friday, April 29. MKS Instruments, Inc. (NASD: MKSI) is acquiring Newport Corp in a deal to be completed on or about that date pending final approvals.
Acuity Brands designs, produces, and distributes various lighting solutions and services for commercial, institutional, industrial, infrastructure, and residential applications. Headquartered in Atlanta, GA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Electrical Components & Equipment Sub-Industry index.
ViaSat provides satellite and wireless networking applications; and secure networking systems, products, and services. Headquartered in Carlsbad, CA, the company will be added to the S&P MidCap 400 GICS Communications Equipment Sub-Industry index.
Multi-Color provides various label solutions. Headquartered in Batavia, OH, the company will be added to the S&P SmallCap 600 GICS Commercial Printing Sub-Industry index.
Opus Bank provides various banking products, services, and solutions for small to mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. Headquartered in Irvine, CA, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – April 29, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Opus Bank |
Financials |
Regional Banks |
DELETED |
Newport |
Information Technology |
Electronic Equipment & Instruments |
S&P 500 INDEX – May 2, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Acuity Brands |
Industrials |
Electrical Components & Equipment |
DELETED |
ADT Corp |
Industrials |
Security & Alarm Service |
S&P MIDCAP 400 INDEX – May 2, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
ViaSat |
Information Technology |
Communications Equipment |
DELETED |
Acuity Brands |
Industrials |
Electrical Components & Equipment |
S&P SMALLCAP 600 INDEX – May 2, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Multi-Color |
Industrials |
Commercial Printing |
DELETED |
ViaSat |
Information Technology |
Communications Equipment |
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.
For more information about S&P Dow Jones Indices, please visit www.spdji.com
About S&P Dow Jones Indices
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Managing Director and Chairman of Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com
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Head of Communications
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(+1) 212 438 2297
soogyung.jordan@spdji.com
SOURCE S&P Dow Jones Indices