NEW YORK, March 2, 2018 /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:
- S&P MidCap 400 constituent IPG Photonics Corp. (NASD: IPGP) will replace Scripps Networks Interactive Inc. (NASD: SNI)
in the S&P 500, S&P SmallCap 600 constituent ALLETE Inc. (NYSE: ALE) will replace IPG Photonics in the S&P MidCap
400, and New York Mortgage Trust Inc. (NASD: NYMT) will replace ALLETE in the S&P SmallCap 600 effective prior to the open
of trading on Wednesday, March 7. S&P 500 constituent Discovery Communications Inc. (NASD:
DISCK, DISCA) is acquiring Scripps Networks Interactive in a deal expected to be completed on or about that date pending final
approvals.
- S&P SmallCap 600 constituent LendingTree Inc. (NASD: TREE) will replace Bioverativ Inc. (NASD: BIVV) in the S&P
MidCap 400, and Finisar Corp. (NASD: FNSR) will replace LendingTree in the S&P SmallCap 600 effective prior to the open of
trading on Thursday, March 8. Sanofi is acquiring Bioverativ in a tender offer expected to expire
on or about that date pending final conditions.
- Global Net Lease Inc. (NYSE: GNL) will replace GCI Liberty Inc. (NASD: GNCMA) in the S&P SmallCap 600 effective prior
to the open of trading on Friday, March 9. Liberty Interactive Corp., through its Liberty
Ventures common stock (NASD: LVNTA), is acquiring GCI Liberty in a deal expected to be completed on or about that date pending
final conditions.
IPG Photonics develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in
various applications primarily in materials processing. Headquartered in Oxford, MA, the
company will be added to the S&P 500 GICS (Global Industry Classification Standard) Electronic Manufacturing Services
Sub-Industry index.
ALLETE is an energy company that generates electricity from coal-fired, natural gas-fired, biomass co-fired, hydroelectric,
wind, solar, and other sources. Headquartered in Duluth, MN, the company will be added to
the S&P MidCap 400 GICS Electric Utilities Sub-Industry index.
New York Mortgage Trust, a real estate investment trust (REIT), acquires, invests in, finances, and manages mortgage-related
and residential housing-related, and financial assets. Headquartered in New York, NY, the
company will be added to the S&P SmallCap 600 GICS Mortgage REITs Sub-Industry index.
LendingTree operates an online loan marketplace for consumers seeking loans and other credit-based offerings. Headquartered in
Charlotte, NC, the company will be added to the S&P MidCap 400 GICS Thrifts & Mortgage
Finance Sub-Industry index.
Finisar provides optical subsystems and components for data communication and telecommunication applications. Headquartered in
Sunnyvale, CA, the company will be added to the S&P SmallCap 600 GICS Communications
Equipment Sub-Industry index.
Global Net Lease is a REIT focused on acquiring a diversified global portfolio of commercial properties. Headquartered in
New York, NY, the company will be added to the S&P SmallCap 600 GICS Diversified REITs
Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX – March 7, 2018
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
ADDED
|
IPG Photonics
|
Information Technology
|
Electronic
Manufacturing Services
|
DELETED
|
Scripps
Networks
Interactive
|
Consumer Discretionary
|
Broadcasting
|
S&P MidCap 400 INDEX – March 7, 2018
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
ADDED
|
ALLETE
|
Utilities
|
Electric Utilities
|
DELETED
|
IPG Photonics
|
Information Technology
|
Electronic Manufacturing
Services
|
S&P SMALLCAP 600 INDEX – March 7, 2018
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
ADDED
|
New York
Mortgage Trust
|
Financials
|
Mortgage REITs
|
DELETED
|
ALLETE
|
Utilities
|
Electric Utilities
|
S&P MidCap 400 INDEX – March 8, 2018
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
ADDED
|
LendingTree
|
Financials
|
Thrifts & Mortgage
Finance
|
DELETED
|
Bioverativ
|
Health Care
|
Biotechnology
|
S&P SMALLCAP 600 INDEX – March 8, 2018
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
ADDED
|
Finisar
|
Information Technology
|
Communications
Equipment
|
DELETED
|
LendingTree
|
Financials
|
Thrifts & Mortgage
Finance
|
S&P SMALLCAP 600 INDEX – March 9, 2018
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
ADDED
|
Global Net
Lease
|
Real Estate
|
Diversified REITs
|
DELETED
|
GCI Liberty
|
Telecommunications
|
Integrated
Telecommunication
Services
|
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(+1) 212 438 3907
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