NEW YORK, April 4, 2016 /PRNewswire/ -- Restoration Hardware Holdings Inc. (NYSE: RH) will replace Atmel Corp. (NASD: ATML) in the S&P MidCap 400 after the close of trading on Wednesday, April 6. S&P 500 constituent Microchip Technology Inc. (NASD: MCHP) is acquiring Atmel in a deal expected to be completed today pending final conditions.
Restoration Hardware Holdings is a home furnishings retailer. Headquartered in Corte Madera, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Homefurnishing Retail Sub-Industry index.
Following is a summary of the change:
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S&P MIDCAP 400 INDEX – April 6, 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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Restoration Hardware Holdings
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Consumer Discretionary
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Homefurnishing Retail
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DELETED
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Atmel
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Information Technology
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Semiconductors
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