Press Releases
NEW YORK, Jan. 3, 2017 /PRNewswire/ -- S&P MidCap 400 constituent IDEXX Laboratories, Inc. (NASD: IDXX) will replace St. Jude Medical, Inc. (NYSE: STJ) in the S&P 500, S&P SmallCap 600 constituent The Chemours Company (NYSE: CC) will replace IDEXX in the S&P MidCap 400, and Shake Shack Inc. (NYSE: SHAK) will replace Chemours in the S&P SmallCap 600 after the close of trading on Wednesday, January 4. S&P 100 & 500 constituent Abbott Laboratories (NYSE: ABT) is acquiring St. Jude Medical in a deal expected to be completed on or about that date, pending final conditions.
IDEXX Laboratories, Inc. develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, water testing, and dairy markets. Headquartered in Westbrook, ME, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.
The Chemours Company is a chemical company that provides titanium technologies, fluoroproducts, and chemical solutions. Headquartered in Wilmington, DE, the company will be added to the S&P MidCap 400 GICS Diversified Chemicals Sub-Industry index.
Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants. Headquartered in New York, NY, the Company will be added to the S&P SmallCap 600 GICS Restaurants Sub-Industry index.
Following is a summary of the changes:
|
S&P 500 INDEX – January 4, 2017 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
IDEXX |
Health Care |
Health Care Equipment |
|
DELETED |
St. Jude |
Health Care |
Health Care Equipment |
|
S&P MIDCAP 400 INDEX – January 4, 2017 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
Chemours |
Materials |
Diversified Chemicals |
|
DELETED |
IDEXX |
Health Care |
Health Care Equipment |
|
S&P SMALLCAP 600 INDEX – January 4, 2017 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
Shake Shack |
Consumer Discretionary |
Restaurants |
|
DELETED |
Chemours |
Materials |
Diversified Chemicals |
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New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com
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(+1) 212 438 8184
luke.shane@spglobal.com
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