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4-Traders Homepage  >  Equities  >  Nyse  >  Saks Inc    SKS

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Saks Inc : A.O. Smith Set to Join S&P MidCap 400; FutureFuel to Join S&P SmallCap 600; Michael Kors Addition to the S&P 500 Postponed to a Date to be Announced

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10/30/2013 | 10:40pm CET

NEW YORK, Oct. 30, 2013 /PRNewswire/ -- S&P SmallCap 600 constituent A.O. Smith Corp. (NYSE: AOS) will replace Saks Inc. (NYSE: SKS) in the S&P MidCap 400, and FutureFuel Corp. (NYSE: FF) will replace A.O. Smith in the S&P SmallCap 600 after the close of trading on Monday, November 4. Hudson's Bay Co. is acquiring Saks in a deal expected to be completed on or about that date pending final conditions.

S&P Dow Jones Indices will delay the addition of Michael Kors Holdings Limited (NYSE: KORS) to the S&P 500 from after the close of trading on Friday, November 1 to a date to be announced. IntercontinentalExchange (NYSE: ICE) and NYSE Euronext (NYSE: NYX) have postponed the closing date of their previously announced merger transaction from November 4, 2013 to a later date to be announced to allow additional time for relevant European regulators and ministries to process and issue their approvals. NYSE Euronext will remain in the S&P 500 until a new date is announced.

A. O. Smith engages in the manufacture and sale of water heaters and boilers to the residential and commercial markets. Headquartered in Milwaukee, WI, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Building Products Sub-Industry index.

FutureFuel Corp. engages in the manufacture and sale of diversified chemicals, biofuels, and biobased specialty chemicals. Headquartered in Clayton, MO, the company will be added to the S&P SmallCap 600 GICS Specialty Chemicals Sub-Industry index.

Following is a summary of the changes:

                 S&P MIDCAP 400 INDEX - November 4, 2013
                 ---------------------------------------

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

      ADDED  A.O. Smith               Industrials        Building Products
      -----  ----------               -----------        -----------------

     DELETED    Saks             Consumer Discretionary  Department Stores
     -------    ----             ----------------------  -----------------

             S&P SMALLCAP 600 INDEX - November 4, 2013
             -----------------------------------------

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

      ADDED  FutureFuel               Materials        Specialty Chemicals
      -----  ----------               ---------        -------------------

     DELETED A.O. Smith              Industrials        Building Products
     ------- ----------              -----------        -----------------

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.

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(TM), 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 830,000 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.

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, 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.

For more information:

Dave Guarino
Communications
S&P Dow Jones Indices
dave.guarino@spdji.com
(212) 438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david.blitzer@ spdji.com
(212) 438-3907

SOURCE S&P Dow Jones Indices

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