Press Releases
NEW YORK, April 6, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent United Bankshares Inc. (NASD: UBSI) will replace The WhiteWave Foods Co. (NYSE: WWAV) in the S&P MidCap 400, and Oclaro Inc. (NASD: OCLR) will replace United Bankshares in the S&P SmallCap 600 effective prior to the open on Wednesday, April 12. Danone SA is acquiring WhiteWave Foods in a deal expected to be completed on or about that date pending final conditions.
United Bankshares provides commercial and retail banking services and products. Headquartered in Charleston, WV, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.
Oclaro designs, manufactures, and markets lasers and optical components, modules, and subsystems. Headquartered in San Jose, CA, the company will be added to the S&P SmallCap 600 GICS Communications Equipment Sub-Industry Index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – APRIL 12, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
United Bankshares |
Financials |
Regional Banks |
|
DELETED |
WhiteWave Foods |
Consumer Staples |
Packaged Foods & Meats |
|
S&P SMALLCAP 600 INDEX – APRIL 12, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Oclaro |
Information Technology |
Communications Equipment |
|
DELETED |
United Bankshares |
Financials |
Regional Banks |
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FOR MORE INFORMATION:
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
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