Press Releases
NEW YORK, June 20, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent Medidata Solutions Inc. (NASD: MDSO) will replace PrivateBancorp Inc. (NASD: PVTB) in the S&P MidCap 400, and McDermott International Inc. (NYSE: MDR) will replace Medidata Solutions in the S&P SmallCap 600 effective prior to the open on Monday, June 26. Canadian Imperial Bank of Commerce is acquiring PrivateBancorp in a deal expected to be completed on June 23.
Medidata Solutions provides cloud-based solutions. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Health Care Technology Sub-Industry index.
McDermott International provides engineering, procurement, construction and installation, front-end engineering and design, and module fabrication services. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Equipment & Services Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – June 26, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Medidata |
Health Care |
Health Care Technology |
|
DELETED |
PrivateBancorp |
Financials |
Regional Banks |
|
S&P SMALLCAP 600 INDEX – June 26, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
McDermott |
Energy |
Oil & Gas Equipment & |
|
DELETED |
Medidata |
Health Care |
Health Care Technology |
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soogyung.jordan@spglobal.com
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(+1) 212 438 3907
david.blitzer@spglobal.com
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