Press Releases
NEW YORK, May 30, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent Home BancShares Inc. (NASD: HOMB) will replace Valspar Corp. (NYSE: VAL) in the S&P MidCap 400, and Chatham Lodging Trust (NYSE: CLDT) will replace Home BancShares in the S&P SmallCap 600 effective prior to the open on Friday, June 2. S&P 500 constituent The Sherwin-Williams Co. (NYSE: SHW) is acquiring Valspar in a deal expected to be completed on June 1.
Home BancShares provides commercial and retail banking and related financial services. Headquartered in Conway, AK, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.
Chatham Lodging Trust, a real estate investment trust (REIT), primarily invests in premium-branded upscale extended-stay and select-service hotels. Headquartered in West Palm Beach, FL, the company will be added to the S&P SmallCap 600 GICS Hotel & Resort REITs Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – June 2, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Home |
Financials |
Regional Banks |
|
DELETED |
Valspar Corp |
Materials |
Specialty Chemicals |
|
S&P SMALLCAP 600 INDEX – June 2, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Chatham |
Real Estate |
Hotel & Resort REITs |
|
DELETED |
Home |
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@spglobal.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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