NEW YORK, Dec. 19, 2013 /PRNewswire/ -- S&P SmallCap 600 constituent The Hain Celestial Group Inc. (NASD: HAIN) will replace NV Energy Inc. (NYSE: NVE), in the S&P MidCap 400, and Green Plains Renewable Energy Inc. (NASD: GPRE) will replace The Hain Celestial Group in the S&P SmallCap 600 after the close of trading on Monday, December 23. A subsidiary of S&P 100 & 500 constituent Berkshire Hathaway Inc. (NYSE: BRK.B) acquired NV Energy in a deal that closed today.
The Hain Celestial Group manufactures, markets, distributes, and sells organic and natural products. Headquartered in Lake Success, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Packaged Foods & Meats Sub-Industry index.
Green Plains Renewable Energy engages in the production, marketing, and distribution of ethanol. Headquartered in Omaha, NE, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Oil & Gas Refining & Marketing Sub-Industry index.
Following is a summary of the changes:
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S&P MIDCAP 400 INDEX – December 23, 2013
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
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ADDED
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The Hain Celestial Group
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Consumer Staples
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Packaged Foods & Meats
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DELETED
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NV Energy
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Utilities
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Electric Utilities
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S&P SMALLCAP 600 INDEX – December 23, 2013
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
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ADDED
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Green Plains Renewable Energy
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Energy
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Oil & Gas Refining & Marketing
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DELETED
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The Hain Celestial Group
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Consumer Staples
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Packaged Foods & Meats
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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.
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