NEW YORK, Nov. 3, 2016 /PRNewswire/ -- Lamb Weston Holdings Inc. (NYSE: LW) will replace Ascena Retail Group Inc. (NASD:ASNA) in the S&P Midcap 400, and Ascena Retail Group will replace Intrepid Potash Inc. (NYSE:IPI) in the S&P SmallCap 600 after the close of trading on Thursday, November 10. S&P 500 constituent ConAgra Foods Inc. (NYSE:CAG) is spinning off Lamb Weston Holdings in a deal expected to be completed on or about that date pending final approvals. Intrepid Potash is ranked last in the S&P SmallCap 600.

Lamb Weston Holdings produces and markets frozen potatoes. Headquartered in Chicago, IL, the company will be added to the S&P Midcap 400 GICS (Global Industry Classification Standard) Packaged Foods & Meats Sub-Industry index.

Ascena Retail Group operates as a specialty retailer of apparel, shoes and accessories. Headquartered in Mahwah, NJ, the company will be added to the S&P SmallCap 600 GICS Apparel Retail Sub-Industry index.

Following is a summary of the changes:



                     S&P MIDCAP 400 INDEX - NOVEMBER 10, 2016
                     ----------------------------------------

                    COMPANY                    GICS ECONOMIC SECTOR    GICS SUB-INDUSTRY
                    -------                    --------------------    -----------------

      ADDED  Lamb Weston Holdings                Consumer Staples    Packaged Foods & Meat
      -----  --------------------                ----------------    ---------------------

     DELETED  Ascena Retail Group             Consumer Discretionary     Apparel Retail
     -------  -------------------             ----------------------     --------------




                    S&P SMALLCAP 600 INDEX - NOVEMBER 10, 2016
                    ------------------------------------------

                   COMPANY                    GICS ECONOMIC SECTOR           GICS SUB-INDUSTRY
                   -------                    --------------------           -----------------

      ADDED  Ascena Retail Group             Consumer Discretionary            Apparel Retail
      -----  -------------------             ----------------------            --------------

     DELETED   Intrepid Potash                     Materials             Fertilizers & Agricultural
                                                                                  Chemicals
     -------         ---------------                           ---------  --------------------------

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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@spdji.com

Luke Shane
Communications Manager
New York, USA
(+1) 212 438 8184
luke.shane@spglobal.com

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SOURCE S&P Dow Jones Indices