NEW YORK, Jan. 24, 2017 /PRNewswire/ -- S&P Dow Jones
Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
- S&P SmallCap 600 constituent LogMeIn Inc. (NASD: LOGM) will replace Triumph Group Inc. (NYSE:TGI) in the S&P MidCap
400, and Triumph Group will replace LogMeIn in the S&P SmallCap 600 after the close of trading on Wednesday, February 1. S&P 500 constituent Citrix Systems (NASD: CTXS) will spin-off GetGo Inc., which
will immediately be acquired by LogMeIn, in a transaction expected to be completed after the close of trading on Tuesday, January 31, pending final conditions. Citrix Systems will remain in the S&P 500 post spin-off.
Post-merger, LogMeIn will be more representative of the mid-cap market space.
- Bioverativ Inc. (NASD: BIVV) will replace RH (NYSE: RH) in the S&P MidCap 400, and RH
will replace Ciber Inc. (NYSE:CBR) in the S&P SmallCap 600 after the close of trading on Thursday,
February 2. S&P 100 & 500 constituent Biogen Inc. (NASD: BIIB) is spinning off Bioverativ in a transaction
expected to be completed on Wednesday, February 1. Biogen will remain in the S&P 100 &
500 post spin-off. Ciber is ranked at the bottom of the S&P SmallCap 600 and is no longer representative of the small-cap
market space.
- Varex Imaging Corp. (NASD:VREX) will replace Stage Stores Inc. (NYSE:SSI) in the S&P
Small Cap 600 after the close of trading on Monday, January 30. S&P 500 constituent Varian
Medical Systems Inc. (NYSE:VAR) is spinning off Varex Imaging in a transaction expected to be completed on Friday, January 27. Varian Medical Systems will remain in the S&P 500 post spin-off. Stage Stores is
ranked near the bottom of the S&P SmallCap 600 and is no longer representative of the small-cap market space.
LogMeIn provides cloud-based services for individuals and businesses to securely connect to their workplace, colleagues, and
customers. Headquartered in Boston, MA, the company will be added to the S&P MidCap 400 GICS
(Global Industry Classification Standard) Internet Software & Services Sub-Industry index.
Triumph Group designs, engineers, manufactures, repairs, overhauls, and distributes aero structures, aircraft components,
accessories, subassemblies, and systems. Headquartered in Berwyn, PA, the company will be added
to the S&P SmallCap 600 GICS Aerospace & Defense Sub-Industry index.
Bioverativ focuses on the research, discovery, development, and commercialization of therapies for the treatment of hemophilia
and other blood disorders. Headquartered in Waltham, MA, the company will be added to the
S&P MidCap 400 GICS Biotechnology Sub-Industry index.
RH engages in the retail of home furnishings. Headquartered in Corte Madera, CA, the company
will be added to the S&P SmallCap 600 GICS Home Furnishing Retail Sub-Industry index.
Varex Imaging designs and manufactures X-ray tubes, flat panel detectors, imaging software, high voltage connectors, and
high-energy inspection accelerators. Headquartered in Salt Lake City, UT, the company will be
added to the S&P SmallCap 600 GICS Health Care Equipment Sub-Industry index.
Following is a summary of the changes:
|
S&P SMALLCAP 600 INDEX – JANUARY 30, 2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Varex Imaging
|
Health Care
|
Health Care Equipment
|
|
DELETED
|
Stage Stores
|
Consumer Discretionary
|
Apparel Retail
|
|
S&P MIDCAP 400 INDEX – February 1, 2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
LogMeIn
|
Information Technology
|
Internet Software & Services
|
|
DELETED
|
Triumph Group
|
Industrials
|
Aerospace & Defense
|
|
S&P SMALLCAP 600 INDEX – February 1, 2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Triumph Group
|
Industrials
|
Aerospace & Defense
|
|
DELETED
|
LogMeIn
|
Information Technology
|
Internet Software & Services
|
|
S&P MIDCAP 400 INDEX – February 2, 2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Bioverativ
|
Health Care
|
Biotechnology
|
|
DELETED
|
RH
|
Consumer Discretionary
|
Home Furnishing Retail
|
|
S&P SMALLCAP 600 INDEX – February 2, 2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
RH
|
Consumer Discretionary
|
Home Furnishing Retail
|
|
DELETED
|
Ciber
|
Information Technology
|
IT Consulting & Other Services
|
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