Press Releases
NEW YORK, Aug. 28, 2018 /PRNewswire/ -- S&P SmallCap 600 constituent Marriot Vacations Worldwide Corp. (NYSE: VAC) will replace ILG Inc. (NASD: ILG) in the S&P MidCap 400, and Unisys Corp. (NYSE: UIS) will replace Marriot Vacations Worldwide in the S&P SmallCap 600 effective prior to the open of trading on Tuesday, September 4. Marriot Vacations Worldwide is acquiring ILG in a deal expected to be completed soon pending final conditions. Post-merger Marriot Vacations Worldwide will be more representative of the mid-cap market space.
Marriot Vacations Worldwide develops, markets, sells, and manages vacation ownership and related products. Headquartered in Orlando, FL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Hotels, Resorts & Cruise Lines Sub-Industry index.
Unisys provides information technology services. Headquartered in Blue Bell, PA, the company will be added to the S&P SmallCap 600 GICS IT Consulting & Other Services Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – SEPTEMBER 4, 2018 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Marriot |
Consumer Discretionary |
Hotels, Resorts & Cruise |
|
DELETED |
ILG |
Consumer Discretionary |
Hotels, Resorts & Cruise |
|
S&P SMALLCAP 600 INDEX – SEPTEMBER 4, 2018 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Unisys |
Information Technology |
IT Consulting & Other |
|
DELETED |
Marriot |
Consumer Discretionary |
Hotels, Resorts & Cruise |
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