NEW YORK, April 6, 2017 /PRNewswire/ -- S&P SmallCap
600 constituent United Bankshares Inc. (NASD: UBSI) will replace The WhiteWave Foods Co. (NYSE: WWAV) in the S&P MidCap 400,
and Oclaro Inc. (NASD: OCLR) will replace United Bankshares in the S&P SmallCap 600 effective prior to the open on
Wednesday, April 12. Danone SA is acquiring WhiteWave Foods in a deal expected to be completed on
or about that date pending final conditions.
United Bankshares provides commercial and retail banking services and products. Headquartered in Charleston, WV, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification
Standard) Regional Banks Sub-Industry index.
Oclaro designs, manufactures, and markets lasers and optical components, modules, and subsystems. Headquartered in
San Jose, CA, the company will be added to the S&P SmallCap 600 GICS Communications
Equipment Sub-Industry Index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – APRIL 12, 2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
United Bankshares
|
Financials
|
Regional Banks
|
|
DELETED
|
WhiteWave Foods
|
Consumer Staples
|
Packaged Foods & Meats
|
|
S&P SMALLCAP 600 INDEX – APRIL 12, 2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Oclaro
|
Information Technology
|
Communications Equipment
|
|
DELETED
|
United Bankshares
|
Financials
|
Regional Banks
|
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/united-bankshares-set-to-join-sp-midcap-400-and-oclaro-to-join-sp-smallcap-600-300436369.html
SOURCE S&P Dow Jones Indices