Press Releases
NEW YORK, Dec. 2, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 after the close of trading on Tuesday, December 6:
- Globus Medical Inc. (NYSE: GMED) will replace Talen Energy Corp. (NYSE: TLN) in the S&P MidCap 400. Riverstone Holdings LLC is acquiring Talen Energy in a deal expected to be completed on or about December 6 pending final conditions.
- S&P SmallCap 600 constituent UMB Financial Corp. (NASD: UMBF) will replace Ingram Micro Inc. (NYSE: IM) in the S&P MidCap 400, and HomeStreet Inc. (NASD: HMST) will replace UMB Financial in the S&P SmallCap 600. Tianjin Tianhai Investment Company Ltd is acquiring Ingram Micro in a transaction expected to be completed on December 5 pending final conditions.
Globus Medical is a medical device company that focuses on the design, development, and commercialization of musculoskeletal implants. Headquartered in Audubon, PA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.
UMB Financial provides various banking and other financial products and services. Headquartered in Kansas City, MO, the company will be added to the S&P MidCap 400 GICS Regional Banks Sub-Industry index.
HomeStreet provides various financial services. Headquartered in Seattle, WA, the Company will be added to the S&P SmallCap 600 GICS Thrifts & Mortgage Finance Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – December 6, 2016 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
Globus Medical |
Health Care |
Health Care Equipment |
|
UMB Financial |
Financials |
Regional Banks |
|
|
DELETED |
Talen Energy |
Utilities |
Independent Power Producers & Energy |
|
Ingram Micro |
Technology |
Technology Distributors |
|
|
S&P SMALLCAP 600 INDEX – December 6, 2016 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
HomeStreet |
Financials |
Thrifts & Mortgage Finance |
|
DELETED |
UMB Financial |
Financials |
Regional Banks |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com
Luke Shane
Communications Manager
New York, USA
(+1) 212 438 8184
luke.shane@spglobal.com
SOURCE S&P Dow Jones Indices