NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30:
- Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE: BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.
- WP Carey Inc. (NYSE: WPC) will replace Worthington Industries Inc. (NYSE: WOR) in the S&P MidCap 400. Worthington Industries will replace Avantax, Inc. (NASD: AVTA) in the S&P SmallCap 600. Aretec Group, Inc. is acquiring Avantax in a deal expected to be completed soon pending final closing conditions. Worthington Industries is more appropriate for the S&P SmallCap 600 with an anticipated spin-off transaction expected to be completed in early December.
- Clearway Energy Inc. (NYSE: CWEN, CWEN.A) will replace Veritiv Corporation (NYSE: VRTV) in the S&P SmallCap 600. Clayton, Dubilier & Rice, LLC is to acquire Veritiv Corporation in a deal expected to be completed soon, pending final closing conditions.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
|
Effective Date
|
Index Name
|
Action
|
Company Name
|
Ticker
|
GICS Sector
|
|
November 30, 2023
|
S&P MidCap 400
|
Addition
|
Carlyle Group
|
CG
|
Financials
|
|
S&P MidCap 400
|
Deletion
|
ICU Medical
|
ICUI
|
Health Care
|
|
S&P MidCap 400
|
Addition
|
WP Carey
|
WPC
|
Real Estate
|
|
S&P MidCap 400
|
Deletion
|
Worthington Industries
|
WOR
|
Materials
|
|
S&P SmallCap 600
|
Addition
|
Clearway Energy
|
CWEN;
CWEN.a
|
Utilities
|
|
S&P SmallCap 600
|
Deletion
|
Veritiv
|
VRTV
|
Industrials
|
|
S&P SmallCap 600
|
Addition
|
Worthington Industries
|
WOR
|
Materials
|
|
S&P SmallCap 600
|
Deletion
|
Avantax,
|
AVTA
|
Financials
|
|
S&P SmallCap 600
|
Addition
|
ICU Medical
|
ICUI
|
Health Care
|
|
S&P SmallCap 600
|
Deletion
|
PacWest Bancorp
|
PACW
|
Financials
|
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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SOURCE S&P Dow Jones Indices
