Press Releases
NEW YORK, Sept. 28, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes in the S&P SmallCap 600 effective prior to the open of trading on Friday, October 6:
- Par Pacific Holdings Inc. (NYSE American: PARR) will replace Forestar Group Inc. (NYSE: FOR). D.R. Horton Inc. (NYSE: DHI) is acquiring 75% of the outstanding shares of Forestar in a deal expected to be completed soon pending final conditions. Post acquisition, Forestar's publicly available float will drop well below 50%, making it ineligible for continued inclusion the S&P SmallCap 600.
- Photronics Inc. (NASD: PLAB) will replace Atwood Oceanics Inc. (NYSE: ATW). Ensco plc (NYSE: ESV) is acquiring Atwood Oceanics in a deal expected to be completed soon pending final closing conditions.
Par Pacific Holdings owns, manages and maintains interests in energy and infrastructure businesses. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Oil & Gas Refining & Marketing Sub-Industry index.
Photronics is a manufacturer of photomasks. Headquartered in Brookfield, CT, the company will be added to the S&P SmallCap 600 GICS Semiconductor Equipment Sub-Industry index.
Following is a summary of the changes:
|
S&P SMALLCAP 600 INDEX – OCTOBER 6, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Par Pacific |
Energy |
Oil & Gas Refining & Marketing |
|
Photronics |
Information Technology |
Semiconductor Equipment | |
|
DELETED |
Forestar |
Real Estate |
Real Estate Development |
|
Atwood Oceanics |
Energy |
Oil & Gas Drilling | |
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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