S&P GLOBAL, INC. NEW YORK, Nov. 29, 2016 /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 after the close of trading on Thursday, December 1:
-- S&P MidCap 400 constituent Mid-America Apartment Communities Inc. (NYSE:
MAA) will replace Owens-Illinois Inc. (NYSE: OI) in the S&P 500, and
Owens-Illinois will replace Mid-America Apartment Communities in the S&P
MidCap 400. S&P SmallCap 600 constituent Papa John's International Inc.
(NASD: PZZA) will replace Post Properties Inc. (NYSE: PPS) in the S&P
MidCap 400, and Wingstop Inc. (NASD: WING) will replace Papa John's
International in the S&P SmallCap 600. Mid-America Apartment Communities
is acquiring Post Properties in a deal expected to be completed on
December 1 pending final conditions. Owens-Illinois is ranked near the
bottom of the S&P 500 and has a market capitalization more
representative of the mid-cap market space.
-- S&P MidCap 400 constituent AmSurg Corp. (NASD: AMSG) will replace Legg
Mason Inc. (NYSE: LM) in the S&P 500, and Legg Mason will replace AmSurg
in the S&P MidCap 400. AmSurg is acquiring Envision Healthcare Holdings
Inc. (NYSE: EVHC) in a transaction expected to be completed on December
1 pending final conditions. Post merger, AmSurg will change its name to
Envision Healthcare Corp. and its Global Industry Classification (GICS)
sub industry group to Health Care Services. Legg Mason is ranked near
the bottom of the S&P 500 and has a market capitalization more
representative of the mid-cap market space.
Mid-America Apartment Communities, a real estate investment trust (REIT), is engaged in acquisition, redevelopment, new development, property management, and disposition of multifamily apartment communities. Headquartered in Memphis, TN, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Residential REITs Sub-Industry index.
Owens-Illinois manufactures and sells glass containers. Headquartered in Perrysburg, OH, the company will be added to the S&P MidCap 400 GICS Metals & Glass Containers Sub-Industry index.
Papa John's International operates and franchises pizza delivery and carryout restaurants. Headquartered in Louisville, KY, the Company will be added to the S&P MidCap 400 GICS Restaurants Sub-Industry index.
Wingstop franchises and operates restaurants. Headquartered in Dallas, TX, the Company will be added to the S&P SmallCap 600 GICS Restaurants Sub-Industry index.
AmSurg provides physician-centric surgical center and physician services. Headquartered in Nashville, TN, the Company will be added to the S&P 500 GICS Health Care Services Sub-Industry index.
Legg Mason provides investment management and related services. Headquartered in Baltimore, MD, the Company will be added to the S&P SmallCap 600 GICS Asset Management & Custody Banks Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX - December 1, 2016
--------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Mid-America Real Estate Residential REITs
Apartment
Communities
--- -----------
AmSurg Health Care Health Care Services
------ ----------- --------------------
DELETED Owens-Illinois Materials Metal & Glass Containers
------- -------------- --------- ------------------------
Legg Mason Financials Asset Management &
Custody Banks
-------------
S&P MIDCAP 400 INDEX - December 1, 2016
---------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Owens-Illinois Materials Metals & Glass
Containers
--- ----------
Papa John's Consumer Discretionary Restaurants
International
-------------
Legg Mason Financials Asset Management &
Custody Banks
-------------
DELETED Mid-America Real Estate Residential REITs
Apartment
Communities
--- -----------
Post Properties Real Estate Residential REITs
--------------- ----------- -----------------
AmSurg Health Care Health Care Facilities
------ ----------- ----------------------
S&P SMALLCAP 600 INDEX - December 1, 2016
-----------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Wingstop Consumer Discretionary Restaurants
----- -------- ---------------------- -----------
DELETED Papa John's Consumer Discretionary Restaurants
International
--- -------------
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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
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mid-america-apartment-communities-amsurg-to-join-sp-500-others-to-join-sp-midcap-400-and-sp-smallcap-600-300370102.html
SOURCE S&P Dow Jones Indices
