NEW YORK, Jan. 15, 2019 /PRNewswire/ -- S&P MidCap 400
constituent Teleflex Inc. (NYSE: TFX) will replace PG&E Corp. (NYSE: PCG) in the S&P 500, S&P SmallCap 600
constituent Green Dot Corp. (NYSE: GDOT) will replace Teleflex in the S&P MidCap 400, and Mercer International Inc. (NASD:
MERC) will replace Green Dot in the S&P SmallCap 600 prior to the open of trading on Friday, January
18. PG&E intends to file for reorganization under Chapter 11 of the U.S. Bankruptcy Code on or about January 29, 2019 and is no longer eligible for continued inclusion in the S&P 500.
Teleflex designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic
procedures in critical care and surgical applications. Headquartered in Wayne, PA, the company
will be added to the S&P 500 (Global Industry Classification Standard) GICS Health Care Equipment Sub-Industry index.
Green Dot provides personal banking. Headquartered in Pasadena, CA, the company will be
added to the S&P MidCap 400 GICS Consumer Finance Sub-Industry index.
Mercer International manufactures and sells northern bleached softwood Kraft (NBSK) pulp. Headquartered in Vancouver, Canada, the company will be added to the S&P SmallCap 600 GICS Paper Products Sub-Industry
index.
Following is a summary of the changes:
|
S&P 500 INDEX – January 18, 2019
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Teleflex
|
Health Care
|
Health Care Equipment
|
|
DELETED
|
PG&E
|
Utilities
|
Electric Utilities
|
|
S&P MIDCAP 400 INDEX – January 18, 2019
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Green Dot
|
Financials
|
Consumer Finance
|
|
DELETED
|
Teleflex
|
Health Care
|
Health Care Equipment
|
|
S&P SMALLCAP 600 INDEX – January 18, 2019
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Mercer International
|
Materials
|
Paper Products
|
|
DELETED
|
Green Dot
|
Financials
|
Consumer Finance
|
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