Press Releases
NEW YORK, July 20, 2020 /PRNewswire/ -- S&P SmallCap 600 constituent Emergent BioSolutions Inc. (NYSE: EBS) will replace Caesars Entertainment Corp. (NASD: CZR) in the S&P MidCap 400, and First Hawaiian Inc. (NASD:FHB) will replace Emergent BioSolutions in the S&P SmallCap 600 effective prior to the opening of trading on Friday, July 24. S&P MidCap 400 constituent Eldorado Resorts Inc. (NASD:ERI) acquired Caesars Entertainment in a deal completed today. Post-merger, Eldorado Resorts will change its name to Caesars Entertainment and its ticker to CZR. It will remain in the S&P MidCap 400.
Emergent BioSolutions is a life sciences company that focuses on the provision of specialty products for civilian and military populations that address accidental, deliberate, and naturally occurring public health threats. Headquartered in Gaithersburg, MD, the company will be added the S&P MidCap 400 GICS (Global Industry Classification Standard) Biotechnology Sub-Industry index.
First Hawaiian provides a range of banking services to consumer and commercial customers. Headquartered in Honolulu, HI, the company will be added the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – JULY 24, 2020 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Emergent Biosolutions | Health Care | Biotechnology |
DELETED | Caesars Entertainment | Consumer Discretionary | Casinos & Gaming |
S&P SMALLCAP 600 INDEX – JULY 24, 2020 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | First Hawaiian | Financials | Regional Banks |
DELETED | Emergent Biosolutions | Health Care | Biotechnology |
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 been innovating and developing indices across the spectrum of asset classes helping to 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_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
SOURCE S&P Dow Jones Indices
