Lithia Motors Set to Join S&P MidCap 400; BankUnited & Trupanion to Join S&P SmallCap 600

NEW YORK, Aug. 25, 2020 /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 opening of trading on Tuesday, September 1:

  • S&P SmallCap 600 constituent Lithia Motors Inc. (NYSE:LAD) will replace LogMeIn Inc. (NASD:LOGM) in the S&P MidCap 400, and BankUnited Inc. (NYSE:BKU) will replace Lithia Motors in the S&P SmallCap 600. Francisco Partners and Elliott Management Corp. are acquiring LogMeIn in a deal expected to be completed soon pending final conditions.
  • Trupanion Inc. (NASD:TRUP) will replace Ring Energy Inc. (NYSE American:REI) in the S&P SmallCap 600. Ring Energy is no longer representative of the small-cap market space.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name       

Action

Company Name

Ticker

GICS Sector

September 1, 2020

S&P MidCap 400

Addition

Lithia Motors

LAD

Consumer Discretionary

September 1, 2020

S&P MidCap 400

Deletion

LogMeIn

LOGM

Information Technology

September 1, 2020

S&P SmallCap 600

Addition

BankUnited

BKU

Financials

September 1, 2020

S&P SmallCap 600

Deletion

Lithia Motors

LAD

Consumer Discretionary

September 1, 2020

S&P SmallCap 600

Addition

Trupanion

TRUP

Financials

September 1, 2020

S&P SmallCap 600

Deletion

Ring Energy

REI

Energy

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