Press Releases
NEW YORK, April 4, 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 Thursday, April 11:
- S&P SmallCap 600 constituent Semtech Corp. (NASD: SMTC) will replace ARRIS International plc (NASD: ARRS) in the S&P MidCap 400, and Century Communities Inc. (NYSE: CCS) will replace Semtech in the S&P SmallCap 600. CommScope Holding Company Inc. (NASD: COMM) is acquiring ARRIS International in a deal that was completed today.
- S&P SmallCap 600 constituent PS Business Parks Inc. (NYSE: PSB) will replace Rowan Companies plc (NYSE: RDC) in the S&P MidCap 400, and Boot Barn Holdings Inc. (NYSE: BOOT) will replace PS Business Parks in the S&P SmallCap 600. S&P MidCap 400 constituent Ensco plc (NYSE: ESV) is acquiring Rowan Companies in a transaction expected to be completed on or about April 11 pending final approvals. Post-merger, Ensco will change its name to Ensco Rowan plc and will remain in the S&P MidCap 400.
Semtech designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. Headquartered in Camarillo, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Semiconductors Sub-Industry index.
Century Communities engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. Headquartered in Greenwood Village, CO, the company will be added to the S&P SmallCap 600 GICS Homebuilding Sub-Industry index.
PS Business Parks, a real estate investment trust (REIT), acquires, develops, owns and operates commercial properties. Headquartered in Glendale, CA, the company will be added to the S&P MidCap 400 GICS Diversified REIT's Sub-Industry index.
Boot Barn Holdings operates specialty retail stores. Headquartered in Irvine, CA, the company will be added to the S&P SmallCap 600 GICS Apparel Retail Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – April 11, 2019 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Semtech | Information Technology | Semiconductors |
PS Business | Real Estate | Diversified REITs | |
DELETED | ARRIS | Information Technology | Communications |
Rowan | Energy | Oil & Gas Drilling | |
S&P SMALLCAP 600 INDEX – April 11, 2019 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Century | Consumer Discretionary | Homebuilding |
Boot Barn | Consumer Discretionary | Apparel Retail | |
DELETED | Semtech | Information Technology | Semiconductors |
PS Business | Real Estate | Diversified REIT's | |
For more information about S&P Dow Jones Indices, please visit www.spdji.com.
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S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
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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