NEW YORK, Dec. 10, 2019 /PRNewswire/ -- Choice Hotels International Inc. (NYSE: CHH) will replace Plantronics Inc. (NYSE: PLT) in the S&P MidCap 400, and Plantronics will replace Vitamin Shoppe Inc. (NYSE: VSI) in the S&P SmallCap 600 prior to the open of trading on Tuesday, December 17. Franchise Group Inc. (NASD: FRG) is acquiring Vitamin Shoppe in a deal expected to be completed soon pending final conditions. Plantronics has a market capitalization that is more representative of the small-cap market space.
Choice Hotels International operates as a hotel franchisor. Headquartered in Rockville, MD, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Hotels, Resorts & Cruise Lines Sub-Industry index.
Plantronics designs, manufactures, and markets various integrated communications and collaborations solutions for corporate customers, small businesses and individuals. Headquartered in Santa Cruz, CA, the company will be added to the S&P SmallCap 600 Communications Equipment Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – December 17, 2019
GICS ECONOMIC SECTOR
Hotels, Resorts & Cruise
S&P SMALLCAP 600 INDEX – December 17, 2019
GICS ECONOMIC SECTOR
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
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:
S&P Dow Jones Indices
Index Governance Inquiries
SOURCE S&P Dow Jones Indices