NEW YORK, May 27, 2016 /PRNewswire/ -- S&P Dow Jones
Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
- TransDigm Group Inc. (NYSE:TDG) will replace Baxalta Inc. (NYSE:BXLT) in the S&P 500 after the close of trading on
Thursday, June 2. Shire plc (LSE: SHP, NASD: SHPG) is acquiring Baxalta in a deal expected to be
completed on or about that date pending final conditions.
- S&P SmallCap 600 constituent Helen of Troy Ltd (NASD: HELE) will replace Waste Connections Inc. (NYSE:WCN) in the
S&P MidCap 400, and Team Inc. (NYSE: TISI) will replace Helen of Troy in the S&P SmallCap 600, after the close of
trading on Tuesday, May 31. Progressive Waste Solutions Ltd. (TSX:BIN, NYSE: BIN) and Waste
Connections are merging to form a new company called Waste Connections in a deal expected to be completed on or about that date
pending final conditions. "New" Waste Connections will be considered to be domiciled in Canada
for index purposes and will be ineligible for continued inclusion in the S&P MidCap 400.
- Brocade Communications Systems, Inc. (NASD:BRCD) will replace MDC Holdings Inc. (NYSE:MDC) in the S&P MidCap 400, and
MDC Holdings will replace Ruckus Wireless, Inc. (NYSE:RKUS) in the S&P SmallCap 600 after the close of trading on
Tuesday, May 31. Brocade Communications Systems is acquiring Ruckus Wireless in a deal expected
to be completed on or about that date pending final conditions. MDC has a market capitalization more representative of the
small-cap market space.
TransDigm Group, designs, produces, and supplies aircraft components. Headquartered in Cleveland,
OH the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Aerospace & Defense
Sub-Industry index.
Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide.
Headquartered in El Paso, TX, the company will be added to the S&P MidCap 400 GICS Household
Appliances Sub-Industry index.
Brocade Communications Systems provides storage area networking and Internet protocol networking solutions for businesses and
organizations. Headquartered in San Jose, CA, the Company will be added to the S&P MidCap
400 GICS Communications Equipment Sub-Industry index.
Team provides specialty industrial services. Headquartered in Sugar Land, TX, the Company
will be added to the S&P SmallCap 600 GICS Environmental & Facilities Services Sub-Industry index.
MDC Holdings engages in homebuilding and financial services businesses. Headquartered in Denver,
CO, the Company will be added to the S&P SmallCap 600 GICS Homebuilding Sub-Industry index
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – MAY 31, 2016
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Helen Of Troy
|
Consumer Discretionary
|
Household Appliances
|
|
ADDED
|
Brocade Communications Systems
|
Information Technology
|
Communications Equipment
|
|
DELETED
|
Waste Connections
|
Industrials
|
Environmental & Facilities Services
|
|
DELETED
|
MDC Holding
|
Consumer Discretionary
|
Homebuilding
|
|
S&P SMALLCAP 600 INDEX – MAY 31, 2016
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Team
|
Industrials
|
Environmental & Facilities Services
|
|
ADDED
|
MDC Holdings
|
Consumer Discretionary
|
Homebuilding
|
|
DELETED
|
Helen of Troy
|
Consumer Discretionary
|
Household Appliances
|
|
DELETED
|
Ruckus Wireless
|
Information Technology
|
Communications Equipment
|
|
S&P 500 INDEX – June 2, 2016
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
TransDigm Group
|
Industrials
|
Aerospace & Defense
|
|
DELETED
|
Baxalta
|
Healthcare
|
Biotechnology
|
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/transdigm-group-set-to-join-the-sp-500-helen-of-troy-and-brocade-communications-systems-to-join-sp-midcap-400-team-and-mdc-holdings-to-join-sp-smallcap-600-300276409.html
SOURCE S&P Dow Jones Indices