Press Releases
NEW YORK, Sept. 20, 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 effective after the close of trading on Thursday, September 22:
- S&P MidCap 400 constituent The Cooper Companies Inc. (NYSE: COO) will replace Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) in the S&P 500, S&P SmallCap 600 constituent Northwestern Corp. (NYSE: NWE) will replace Cooper Companies in the S&P MidCap 400, and SPS Commerce Inc. (NASD: SPSC) will replace Northwestern in the S&P SmallCap 600. S&P 500 constituent Marriott International Inc. (NASD: MAR) is acquiring Starwood Hotels & Resorts Worldwide in a deal expected to be completed soon pending final conditions.
- S&P SmallCap 600 constituent NuVasive Inc. (NASD: NUVA) will replace FEI Co. (NASD: FEIC) in the S&P MidCap 400, and Fox Factory Holding Corp. (NASD: FOXF) will replace NuVasive in the S&P SmallCap 600. S&P 500 constituent Thermo Fisher Scientific Inc. (NYSE: TMO) acquired FEI in a deal completed today.
The Cooper Companies operates as a medical device company. Headquartered in Pleasanton, CA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Health Care Supplies Sub-Industry index.
Northwestern provides electricity and natural gas. Headquartered in Sioux Falls, SD, the company will be added to the S&P MidCap 400 GICS Multi-Utilities Sub-Industry index.
SPS Commerce provides cloud-based supply chain management solutions. Headquartered in Minneapolis, MN, the Company will be added to the S&P SmallCap 600 GICS Internet Software & Services Sub-Industry index.
NuVasive develops and markets minimally-disruptive surgical products and procedurally-integrated solutions for spine surgery. Headquartered in San Diego, CA, the Company will be added to the S&P MidCap 400 GICS Health Care Equipment Sub-Industry index.
Fox Factory Holdings designs, engineers, manufactures, and markets ride dynamics products. Headquartered in Scotts Valley, CA, the Company will be added to the S&P SmallCap 600 GICS Auto Parts & Equipment Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX – September 22, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
The Cooper Companies |
Health Care |
Health Care Supplies |
DELETED |
Starwood Hotels & Resorts Worldwide |
Consumer Discretionary |
Hotels, Resorts & Cruise Lines |
S&P MIDCAP 400 INDEX – September 22, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Northwestern |
Utilities |
Multi-Utilities |
NuVasive |
Health Care |
Health Care Equipment |
|
DELETED |
The Cooper Companies |
Health Care |
Health Care Supplies |
FEI |
Information Technology |
Electronic Equipment & Instruments |
S&P SMALLCAP 600 INDEX – September 22, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
SPS Commerce |
Information Technology |
Internet Software & Services |
Fox Factory Holdings |
Consumer Discretionary |
Auto Parts & Equipment |
|
DELETED |
Northwestern |
Utilities |
Multi-Utilities |
NuVasive |
Health Care |
Health Care Equipment |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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FOR MORE INFORMATION:
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
SOURCE S&P Dow Jones Indices