LGI Homes Set to Join the S&P SmallCap 600
PR Newswire
NEW YORK

NEW YORK, July 20, 2016 /PRNewswire/ -- LGI Homes Inc. (NASD:LGIH) will replace Krispy Kreme Doughnuts Inc. (NYSE:KKD) in the S&P SmallCap 600 after the close of trading on Wednesday, July 27. JAB Holdings is acquiring Krispy Kreme Doughnuts in a deal expected to be completed on or about that date pending final approvals.

LGI Homes engages in the design, construction, marketing, and sale of new homes. Headquartered in The Woodlands, TX, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Homebuilding Sub-Industry index.

Following is a summary of the change:

S&P SMALLCAP 600 INDEX – JULY 27, 2016

 

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

LGI Homes

Consumer Discretionary

Homebuilding

DELETED

Krispy Kreme

Consumer Discretionary

Restaurants

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David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com

Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com

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