Press Releases
NEW YORK, Jan. 29, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Monday, February 4:
- Caesars Entertainment Corp. (NASD: CZR) will replace Dril-Quip Inc. (NYSE: DRQ) in the S&P MidCap 400 and Dril-Quip will replace Essendant Inc. (NASD: ESND) in the S&P SmallCap 600. Staples Inc. is acquiring Essendant in a deal expected to close soon pending final conditions
- Conn's Inc. (NASD: CONN) will replace Electro Scientific Industries Inc. (NASD: ESIO) in the S&P SmallCap 600. S&P MidCap 400 constituent MKS Instruments Inc. (NASD: MKSI) is acquiring Electro Scientific Industries in a deal expected to close on February 1 pending final approvals.
On a date to be announced, S&P 100 & 500 constituent Walt Disney Co (NYSE: DIS) is to acquire S&P 100 & 500 constituent Twenty-First Century Fox Inc. (NASD: FOXA, FOX) one day after Twenty-First Century Fox completes a spin-off of a portfolio of its news, sports and broadcast businesses ("new" Fox). For index purposes, post the spin-off and merger transactions, "new" Fox, to be called Fox Corp., will be considered the surviving entity of Twenty-First Century Fox and will continue to be included in the S&P 500. An S&P 500 constituent to be named later will replace "new" Fox in the S&P 100 on a date to be announced.
Caesars Entertainment provides casino-entertainment and hospitality services. Headquartered in Las Vegas, NV, the company will be added to the S&P MidCap 400 (Global Industry Classification Standard) GICS Casinos & Gaming Sub-Industry index.
Conn's operates as a specialty retailer of durable consumer goods and related services. Headquartered in The Woodlands, TX, the company will be added to the S&P SmallCap 600 GICS Computer & Electronics Retail Sub-Industry index.
Dril-Quip designs, manufactures, sells, and services onshore and offshore drilling and production equipment. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Equipment & Services Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – February 4, 2019 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Caesars Entertainment | Consumer Discretionary | Casinos & Gaming |
DELETED | Dril-Quip | Energy | Oil & Gas Equipment & Services |
S&P SMALLCAP 600 INDEX – February 4, 2019 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Dril-Quip | Energy | Oil & Gas Equipment & Services |
Conn's | Consumer Discretionary | Computer & Electronics Retail | |
DELETED | Essendant | Industrials | Office Services & Supplies |
Electro Scientific Industries | Information Technology | Electronic Equipment & Instruments | |
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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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