Press Releases
NEW YORK, Oct. 18, 2018 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective at the open of trading on Tuesday, October 23:
- Flagstar Bancorp Inc. (NYSE:FBC) will replace SUPERVALU Inc. (NYSE:SVU) in the S&P SmallCap 600. S&P MidCap 400 constituent United Natural Foods Inc. (NASD: UNFI) is acquiring SUPERVALU in a deal expected to close on October 22 pending final conditions.
- TechTarget Inc. (NASD: TTGT) will replace Perry Ellis International Inc. (NASD: PERY) in the S&P SmallCap 600. Perry Ellis International is being taken private in a deal expected to close soon pending final conditions.
Flagstar Bancorp provides commercial, small business, and consumer banking services. Headquartered in Troy, MI, the company will be added to the S&P SmallCap 600 (Global Industry Classification Standard) GICS Thrifts & Mortgage Finance Sub-Industry index.
TechTarget provides specialized online content for buyers of enterprise information technology products and services. Headquartered in Newton, MA, the company will be added to the S&P SmallCap 600 GICS Advertising Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – OCTOBER 23, 2018 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Flagstar Bancorp | Financials | Thrift & Mortgage Finance |
TechTarget | Communication Services | Advertising | |
DELETED | SUPERVALU | Consumer Staples | Food Retail |
Perry Ellis International | Consumer Discretionary | Apparel, Accessories & Luxury Goods | |
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FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
S&P Dow Jones Indices
index_services@spglobal.com
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