NEW YORK, March 30, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Friday, April 1:
- WebMD Health Corp. (NASD: WBMD) will replace SunEdison Inc. (NYSE: SUNE) in the S&P MidCap 400. SunEdison is ranked at the bottom of the index and has a market capitalization that is no longer representative of the mid-cap market space.
- SciClone Pharmaceuticals Inc. (NASD: SCLN) will replace Affymetrix Inc. (NASD: AFFX) in the S&P SmallCap 600. S&P 500 constituent Thermo Fisher Scientific Inc. (NYSE: TMO) is acquiring Affymetrix in a deal expected to be completed soon pending final approvals.
WebMD Health Corp. provides health information services. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Internet Software & Services Sub-Industry index.
SciClone Pharmaceuticals provides therapies for oncology, infectious diseases, and cardiovascular disorders. Headquartered in Foster City, CA, the company will be added to the S&P SmallCap 600 GICS Pharmaceuticals Sub-Industry index.
Following is a summary of the changes:
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S&P MIDCAP 400 INDEX – April 1, 2016
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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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WebMD Health
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Information Technology
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Internet Software & Services
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DELETED
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SunEdison
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Information Technology
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Semiconductor Equipment
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S&P SMALLCAP 600 INDEX – April 1, 2016
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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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SciClone Pharmaceuticals
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Health Care
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Pharmaceuticals
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DELETED
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Affymetrix
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Health Care
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Life Science Tools & Services
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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.
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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S&P DJI MEDIA CONTACTS:
David Blitzer
Managing Director and Chairman of Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com
Soogyung Jordan
Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com
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SOURCE S&P Dow Jones Indices