NEW YORK, Feb. 13, 2013 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the the S&P SmallCap 600 index after the close of trading on Tuesday, February 19:
- MB Financial Inc. (NASD:MBFI) will replace Robbins & Myers, Inc. (NYSE:RBN). S&P 100 & 500 constituent National Oilwell Varco Inc. (NYSE:NOV) is acquiring Robbins & Myers in a deal expected to be completed soon pending final approvals.
- C&J Energy Services Inc. (NYSE:CJES) will replace PSS World Medical Inc. (NASD:PSSI). S&P 500 constituent McKesson Corp. (NYSE:MCK) is acquiring PSS World Medical in a deal expected to be completed soon pending final approvals.
MB Financial offers commercial banking products and services. Headquartered in Chicago, IL, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.
C&J Energy Services provides hydraulic fracturing, coiled tubing, and pressure pumping services. 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 SMALLCAP 600 INDEX – February 19, 2013
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
MB Financial
|
Financials
|
Regional Banks
|
|
C&J Energy Services
|
Energy
|
Oil&Gas Equipment & Services
|
|
DELETED
|
Robbins & Myers
|
Industrials
|
Industrial Machinery
|
|
PSS World Medical
|
Health Care
|
Health Care Distributors
|
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial AverageSM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, and their respective affiliates, parents, subsidiaries, directors, officers, shareholders, employees and agents (collectively "S&P Dow Jones Indices") does not sponsor, endorse, sell, or promote any investment fund or other vehicle that is offered by third parties and that seeks to provide an investment return based on the returns of any S&P Dow Jones Indices index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices or its affiliates do not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
STANDARD & POOR'S and S&P are registered trademarks of Standard & Poor's Financial Services LLC. "Dow Jones" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones")
For more information:
Dave Guarino
Communications
S&P Dow Jones Indices
dave_guarino@spdji.com
(201) 755-5334
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david_blitzer@spdji.com
(917) 376-1204
SOURCE S&P Dow Jones Indices