GIGAMON INC NEW YORK, Dec. 20, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600:
- S&P SmallCap 600 constituent Interactive Brokers Group Inc. (NASD:IBKR) will replace HSN Inc.(NASD:HSNI) in the S&P MidCap 400, and Alarm.com Holdings Inc. (NASD:ALRM) will replace Interactive Brokers Group in the S&P SmallCap 600 effective prior to the open of trading on Tuesday, January 2, 2018. Liberty Interactive Corp. (NASD: QVCA, QVCB, LVNTA, LVNTB) is acquiring HSN in a deal expected to be completed on or about December 29.
- Corcept Therapeutics Inc. (NASD:CORT) will replace Gigamon Inc. (NYSE:GIMO) in the S&P SmallCap 600 effective prior to the open of trading on Wednesday, December 27. Elliott Associates L.P. is acquiring Gigamon in a deal expected to be completed on or about that date pending final approvals.
Interactive Brokers Group operates as an automated electronic broker and market maker. Headquartered in Greenwich, CT, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Investment Banking & Brokerage Sub-Industry index.
Alarm.com Holdings provides cloud-based software platform solutions for the smart homes and businesses. Headquartered in Tysons, VA, the company will be added to the S&P SmallCap 600 GICS Internet Software & Services Sub-Industry index.
Corcept Therapeutics discovers, develops, and commercializes drugs for the treatment of severe metabolic, oncologic, and psychiatric disorders. Headquartered in Menlo Park, CA, the company will be added to the S&P SmallCap 600 GICS Pharmaceuticals Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – DECEMBER 27, 2017 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Corcept Therapeutics | Health Care | Pharmaceuticals |
DELETED | Gigamon | Information Technology | Systems Software |
S&P MIDCAP 400 INDEX – JANUARY 2, 2018 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Interactive Brokers Group | Financials | Investment Banking & Brokerage |
DELETED | HSN | Consumer Discretionary | Internet & Direct Marketing Retail |
S&P SMALLCAP 600 INDEX – JANUARY 2, 2018 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Alarm.com Holdings | Information Technology | Internet Software & Services |
DELETED | Interactive Brokers Group | Financials | Investment Banking & Brokerage |
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FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
S&P Dow Jones Indices
index_services@spglobal.com
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SOURCE S&P Dow Jones Indices
