Press Releases
NEW YORK, Jan. 15, 2019 /PRNewswire/ -- S&P MidCap 400 constituent Teleflex Inc. (NYSE: TFX) will replace PG&E Corp. (NYSE: PCG) in the S&P 500, S&P SmallCap 600 constituent Green Dot Corp. (NYSE: GDOT) will replace Teleflex in the S&P MidCap 400, and Mercer International Inc. (NASD: MERC) will replace Green Dot in the S&P SmallCap 600 prior to the open of trading on Friday, January 18. PG&E intends to file for reorganization under Chapter 11 of the U.S. Bankruptcy Code on or about January 29, 2019 and is no longer eligible for continued inclusion in the S&P 500.
Teleflex designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications. Headquartered in Wayne, PA, the company will be added to the S&P 500 (Global Industry Classification Standard) GICS Health Care Equipment Sub-Industry index.
Green Dot provides personal banking. Headquartered in Pasadena, CA, the company will be added to the S&P MidCap 400 GICS Consumer Finance Sub-Industry index.
Mercer International manufactures and sells northern bleached softwood Kraft (NBSK) pulp. Headquartered in Vancouver, Canada, the company will be added to the S&P SmallCap 600 GICS Paper Products Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX – January 18, 2019 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Teleflex | Health Care | Health Care Equipment |
DELETED | PG&E | Utilities | Electric Utilities |
S&P MIDCAP 400 INDEX – January 18, 2019 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Green Dot | Financials | Consumer Finance |
DELETED | Teleflex | Health Care | Health Care Equipment |
S&P SMALLCAP 600 INDEX – January 18, 2019 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Mercer International | Materials | Paper Products |
DELETED | Green Dot | Financials | Consumer Finance |
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