MCGRAW HILL FINANCIAL INC NEW YORK, Nov. 23, 2015 /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 indices:
-- CSRA Inc. (NYSE: CSRA) will be added to the S&P 500 after the close of
trading on Friday, November 27, replacing Computer Sciences Corp. (NYSE:
CSC), which will be removed from the S&P 500 after the close of trading
on Monday, November 30. CSRA will be added to the S&P 500 on a zero
price basis reflecting its spin-off from Computer Sciences. Following
the spin-off, the Computer Sciences stub will replace Apollo Education
Group Inc. (NASD: APOL) in the S&P MidCap 400. Computer Sciences' post
spin market capitalization will be more representative of the mid-cap
market space. Apollo Education is ranked at the bottom of the S&P MidCap
400.
-- Phibro Animal Health Corp. (NASD: PAHC) will replace Pericom
Semiconductor Corp. (NASD: PSEM) in the S&P SmallCap 600 after the close
of trading on Wednesday, November 25. S&P SmallCap 600 constituent
Diodes Inc. (NASD: DIOD) is acquiring Pericom Semiconductor in a deal
expected to be completed soon pending final conditions.
CSRA provides information technology services to the U.S. federal government. Headquartered in Falls Church, VA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Data Processing & Outsourced Services Sub-Industry index for one day before switching to IT Consulting & Outsourced Services Sub-Industry.
Computer Sciences provides information technology and professional services and solutions. Headquartered in Falls Church, VA, the company will be added to the S&P MidCap 400 IT Consulting & Outsourced Services Sub-Industry index.
Phibro Animal Health operates as a diversified animal health and mineral nutrition company. Headquartered in Teaneck, NJ, 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 - November 25, 2015
------------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Phibro Animal Health Health Care Pharmaceuticals
----- -------------------- ----------- ---------------
DELETED Pericom Semiconductor Information Technology Semiconductors
------- --------------------- ---------------------- --------------
S&P 500 INDEX - November 27, 2015
---------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED CSRA Information Technology Data Processing & Outsourced
Services
----- ---- ---------------------- ----------------------------
S&P 500 INDEX - November 30, 2015
---------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
DELETED Computer Sciences Information Technology Data Processing & Outsourced
Services
------- ----------------- ---------------------- ----------------------------
S&P MIDCAP 400 INDEX - November 30, 2015
----------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Computer Sciences Information Technology IT Consulting & Outsourced
Services
----- ----------------- ---------------------- ---------------------------
DELETED Apollo Education Group Consumer Discretionary Education Services
------- ---------------------- ---------------------- ------------------
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
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David Blitzer
Managing Director and Chairman of Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com
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Head of Communications
New York, USA
(+1) 212 438 1471
dave.guarino@spdji.com
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