MCGRAW HILL FINANCIAL INC NEW YORK, Feb. 9, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
-- S&P SmallCap 600 constituent F.N.B. Corp. (NYSE: FNB) will replace
Rent-A-Center Inc. (NASD: RCII) in the S&P MidCap 400, and Rent-A-Center
will replace F.N.B in the S&P SmallCap 600 after the close of trading on
Friday, February 12. F.N.B. is acquiring Metro Bancorp Inc. (NASD: METR)
in a deal expected to be completed on or about that date pending final
approvals. Post merger, F.N.B. will have a market capitalization that is
more representative of the mid-cap market space. Rent-A-Center is ranked
near the bottom of the S&P MidCap 400 and has a market capitalization
that is more representative of the small-cap market space.
-- Surgical Care Affiliates Inc. (NASD: SCAI) will replace Constant Contact
Inc. (NASD: CTCT) in the S&P SmallCap 600 after the close of trading on
Thursday, February 11. Endurance International Group Holdings Inc.
(NASD: EIGI) is acquiring Constant Contact in a deal that was completed
today.
F.N.B. is a diversified financial services company. Headquartered in Pittsburgh, PA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.
Rent-A-Center leases household durable goods to customers on a rent-to-own basis. Headquartered in Plano, TX, the company will be added to the S&P SmallCap 600 GICS Computer & Electronics Retail Sub-Industry index.
Surgical Care Affiliates owns and operates a network of multi-specialty ambulatory surgery centers and surgical hospitals. Headquartered in Deerfield, IL, the company will be added to the S&P SmallCap 600 GICS Health Care Facilities Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - February 11, 2016
------------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Surgical Care Health Care Health Care Facilities
Affiliates
--- ----------
DELETED Constant Contact Information Technology Internet Software &
Services
------- ---------------- ---------------------- --------------------
S&P MIDCAP 400 INDEX - February 12, 2016
----------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED F.N.B. Financials Regional Banks
----- ------ ---------- --------------
DELETED Rent -A-Center Consumer Discretionary Computer & Electronics
Retail
------- -------------- ---------------------- ----------------------
S&P SMALLCAP 600 INDEX - February 12, 2016
------------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Rent -A-Center Consumer Discretionary Computer & Electronics
Retail
----- -------------- ---------------------- -----------------------
DELETED F.N.B. Financials Regional Banks
------- ------ ---------- --------------
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.
For more information about S&P Dow Jones Indices, please visit www.spdji.com
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500(®) and the Dow Jones Industrial Average(®), S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
S&P DJI MEDIA CONTACTS:
David Blitzer
Managing Director and Chairman of Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com
Soogyung Jordan
Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fnb-set-to-join-the-sp-midcap-400-rent-a-center-surgical-care-affiliates-to-join-sp-smallcap-600-300217868.html
SOURCE S&P Dow Jones Indices
