Press Releases
NEW YORK, Sept. 20, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent Sanderson Farms Inc. (NASD: SAFM) will replace Cabela's Inc. (NYSE: CAB) in the S&P MidCap 400, and Third Point Reinsurance Ltd. (NYSE: TPRE) will replace Sanderson Farms in the S&P SmallCap 600 effective prior to the open on Tuesday, September 26. Bass Pro Shops is acquiring Cabela's in a deal expected to be completed on or about that date pending final conditions.
Sanderson Farms produces, processes, markets, and distributes fresh, frozen, and prepared chicken products. Headquartered in Laurel, MS, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Packaged Foods & Meats Sub-Industry index.
Third Point Reinsurance provides specialty property and casualty reinsurance products to insurance and reinsurance companies. Headquartered in Pembroke, Bermuda, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Reinsurance Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – SEPTEMBER 26, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Sanderson Farms |
Consumer Staples |
Packaged Foods & Meats |
|
DELETED |
Cabela's |
Consumer Discretionary |
Specialty Stores |
|
S&P SMALLCAP 600 INDEX – SEPTEMBER 26, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Third Point Reinsurance |
Financials |
Reinsurance |
|
DELETED |
Sanderson Farms |
Consumer Staples |
Packaged Foods & Meats |
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 products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define 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:
S&P Dow Jones Indices
index_services@spglobal.com
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com
Luke Shane
North America Communications
New York, USA
(+1) 212 438 8184
luke.shane@spglobal.com
Haw-Yan Man
EMEA Communications
London, UK
(+44) 207 176 3023
haw-yan.man@spglobal.com
Cecilia Ho
Asia Pacific Communications
Hong Kong, HK
(+852) 2532 8061
cecilia.ho@spglobal.com
SOURCE S&P Dow Jones Indices