TRANSCANADA CORPORATION NEW YORK, June 23, 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:
-- S&P MidCap 400 constituent Albemarle Corp. (NYSE: ALB) will replace TECO
Energy Inc. (NYSE: TE) in the S&P 500, S&P SmallCap 600 constituent
EMCOR Group Inc. (NYSE: EME) will replace Albemarle in the S&P MidCap
400, and Inteliquent Inc. (NASD: IQNT) will replace EMCOR Group in the
S&P SmallCap 600 after the close of trading on Thursday, June 30. Emera
Inc. (TSX: EMA) is acquiring TECO Energy in a deal expected to be
completed on or about that date pending final conditions.
-- Fortive Corp. (NYSE: FTV) will be added to the S&P 500 after the close
of trading on Friday, July 1, replacing Columbia Pipeline Group Inc.
(NYSE: CPGX), which will be removed from the S&P 500 after the close of
trading on Tuesday, July 5. TransCanada Corp. (TSX: TRP) is acquiring
Columbia Pipeline Group in a deal expected to be completed soon. Fortive
will be added to the S&P 500 on a zero price basis reflecting its
spin-off from S&P 100 & 500 constituent Danaher Corp. (NYSE: DHR). Post
spin-off, Danaher will remain in the S&P 100 & 500.
Albemarle develops, manufactures, and markets engineered specialty chemicals. Headquartered in Baton Rouge, LA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialty Chemicals Sub-Industry index.
EMCOR Group provides electrical and mechanical construction and facilities services. Headquartered in Norwalk, CT, the company will be added to the S&P MidCap 400 GICS Construction & Engineering Sub-Industry index.
Inteliquent provides voice telecommunications services on a wholesale basis. Headquartered in Chicago, IL, the Company will be added to the S&P SmallCap 600 GICS Alternative Carriers Sub-Industry index.
Fortive owns and operates industrial units that manufacture testing and measurement equipment. Headquartered in Everett, WA, the Company will be added to the S&P 500 GICS Industrial Machinery Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX - JUNE 30, 2016
-----------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Albemarle Materials Specialty Chemicals
----- --------- --------- -------------------
DELETED TECO Energy Utilities Multi-Utilities
------- ----------- --------- ---------------
S&P MIDCAP 400 INDEX - JUNE 30, 2016
------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED EMCOR Group Industrials Construction & Engineering
----- ----------- ----------- --------------------------
DELETED Albemarle Materials Specialty Chemicals
------- --------- --------- -------------------
S&P SMALLCAP 600 INDEX - June 30, 2016
--------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Inteliquent Telecommunication Services Alternative Carriers
----- ----------- -------------------------- --------------------
DELETED EMCOR Group Industrials Construction & Engineering
------- ----------- ----------- --------------------------
S&P 500 INDEX - July 1, 2016
----------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Fortive Industrials Industrial Machinery
----- ------- ----------- --------------------
S&P 500 INDEX - July 5, 2016
----------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
DELETED Columbia Pipeline Group Energy Oil & Gas Storage & Transportation
------- ----------------------- ------ ----------------------------------
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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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
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com
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SOURCE S&P Dow Jones Indices
