Press Releases
NEW YORK, Sept. 23, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
- Sally Beauty Holdings Inc. (NYSE: SBH) will replace R.R. Donnelley & Sons Co. (NYSE: RRD) in the S&P MidCap 400 index, and R.R. Donnelley & Sons will replace Sizmek Inc. (NASD: SZMK) in the S&P SmallCap 600 after the close of trading on Tuesday, September 27. Vector Capital is acquiring Sizmek in a deal expected to be completed on or about that date, pending final conditions. R.R. Donnelly & Sons is spinning off certain operations and assets later this month. Post spin-offs, the R.R. Donnelly & Sons stub will be more representative of the small-cap market space.
- LSC Communications Inc. (NYSE: LKSD) and Donnelley Financial Solutions Inc. (NYSE: DFIN) will be added to the S&P SmallCap 600 after the close of trading on Friday, September 30 replacing Gulfmark Offshore Inc. (NYSE: GLF) and Bonanza Creek Energy Inc. (NYSE: BCEI) respectively, which will be removed from the S&P SmallCap 600 after the close of trading on Monday, October 3. Newly added S&P SmallCap 600 constituent R.R. Donnelley & Sons is spinning off LSC Communications and Donnelley Financial Solutions in transactions expected to be completed on Friday, September 30 pending final conditions. The R.R. Donnelley & Sons stub will remain in the S&P SmallCap 600 post spin-offs. Gulfmark Offshore and Bonanza Creek Energy are ranked near the bottom of the S&P SmallCap 600 and are no longer representative of the small-cap market space.
- Versum Materials Inc. (NYSE: VSM) will replace Abercrombie & Fitch (NYSE: ANF) in the S&P MidCap 400, and Abercrombie & Fitch will replace Basic Energy Services Inc. (NYSE: BAS) in the S&P Small Cap 600 after the close of trading on Monday, October 3. S&P 500 constituent Air Products and Chemicals Inc. (NYSE: APD) is spinning off Versum Materials in a transaction expected to be completed on Friday, September 30 pending final conditions. Air Products and Chemicals will remain in the S&P 500 post spin-off. Basic Energy Services is ranked at the bottom of the S&P SmallCap 600 and is no longer representative of the small-cap market space.
- AdvanSix Inc. (NYSE: ASIX) will replace Universal Technical Institute Inc. (NYSE: UTI) in the S&P SmallCap 600 after the close of trading on Monday, October 3. S&P 100 & 500 constituent Honeywell Inc. (NYSE: HON) is spinning off AdvanSix in a transaction expected to be completed on Friday, September 30 pending final conditions. Honeywell will remain in the S&P 100 & 500 post spin-off.
Sally Beauty Holdings operates as a specialty retailer and distributor of professional beauty supplies. Headquartered in Denton, TX, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Specialty Stores Sub-Industry index.
R.R. Donnelley & Sons creates, manages, produces, distributes, and processes content on behalf of its customers. Headquartered in Chicago, IL, the company will be added to the S&P SmallCap 600 GICS Commercial Printing Sub-Industry index.
LSC Communications provides printing, fulfillment, and supply chain solutions. Headquartered in Denville, NJ, the company will be added to the S&P SmallCap 600 GICS Commercial Printing Sub-Industry index.
Donnelley Financial Solutions produces, distributes, and translates documents and electronic communications. Headquartered in Chicago, IL, the company will be added to the S&P SmallCap 600 GICS Financial Exchanges & Data Sub-Industry index.
Versum Materials develops, manufactures, transports, and handles specialty materials to the semiconductor and display industries. Headquartered in Allentown, PA, the company will be added to the S&P MidCap 400 GICS Semiconductor Equipment Sub-Industry index.
Abercrombie & Fitch operates as a specialty retailer of casual apparel. Headquartered in New Albany, OH, the company will be added to the S&P SmallCap 600 GICS Apparel Retail Sub-Industry index.
AdvanSix manufactures and sells Nylon 6 polymer resins. Headquartered in Morris Plains, NJ, the company will be added to the S&P SmallCap 600 GICS Commodity Chemicals Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – SEPTEMBER 27, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Sally Beauty Holdings |
Consumer Discretionary |
Specialty Stores |
DELETED |
RR Donnelley & Sons |
Industrial |
Commercial Printing |
S&P SMALLCAP 600 INDEX – SEPTEMBER 27, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
RR Donnelley & Sons |
Industrial |
Commercial Printing |
DELETED |
Sizmek |
Consumer Discretionary |
Advertising |
S&P SMALLCAP 600 INDEX – SEPTEMBER 30, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
LSC Communications |
Industrials |
Commercial Printing |
Donnelly Financial Solutions |
Financials |
Financial Exchanges & Data |
S&P MIDCAP 400 INDEX – OCTOBER 3, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Versum Materials |
Information Technology |
Semiconductor Equipment |
DELETED |
Abercrombie & Fitch |
Consumer Discretionary |
Apparel Retail |
S&P SMALLCAP 600 INDEX – OCTOBER 3, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Abercrombie & Fitch |
Consumer Discretionary |
Apparel Retail |
AdvanSix |
Materials |
Commodity Chemicals |
|
DELETED |
Basic Energy Services |
Energy |
Oil & Gas Equipment & Services |
Universal Technical Institute |
Consumer Discretionary |
Education Services |
|
Gulfmark Offshore |
Energy |
Oil & Gas Equipment & Services |
|
Bonanza Creek Energy |
Energy |
Oil & Gas Exploration & Production |
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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