NEW YORK, Dec. 26, 2019 /PRNewswire/ -- S&P SmallCap 600 constituent RH (NYSE: RH) will replace Genesee & Wyoming Inc. (NYSE: GWR) in the S&P MidCap 400, and Foundation Building Materials Inc. (NYSE: FBM) will replace RH in the S&P SmallCap 600 prior to the open of trading on Thursday, January 2. Brookfield Infrastructure Partners L.P. (NYSE: BIP) is acquiring Genesee & Wyoming in a deal expected to be completed prior to the open of trading on Monday, December 30.
RH operates as a luxury retailer in the home furnishings marketplace. Headquartered in Corte Madera, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Homefurnishing Retail Sub-Industry index.
Foundation Building Materials distributes wallboard, suspended ceiling systems and metal framing building products. Headquartered in Santa Ana, CA, the company will be added to the S&P SmallCap 600 GICS Trading Companies & Distributors Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – January 2, 2020
|
| COMPANY
| GICS ECONOMIC SECTOR
| GICS SUB-INDUSTRY
|
ADDED
| RH
| Consumer Discretionary
| Homefurnishing Retail
|
DELETED
| Genesee &
Wyoming
| Industrials
| Railroads
|
S&P SMALLCAP 600 INDEX – January 2, 2020
|
| COMPANY
| GICS ECONOMIC SECTOR
| GICS SUB-INDUSTRY
|
ADDED
| Foundation
Building
Materials
| Industrials
| Trading Companies &
Distributors
|
DELETED
| RH
| Consumer Discretionary
| Homefurnishing Retail
|
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SOURCE S&P Dow Jones Indices