WHITESTONE REIT NEW YORK, Sept. 8, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 & S&P SmallCap 600 indices:
-- S&P MidCap 400 constituent Cadence Design Systems Inc. (NASD: CDNS) will
replace Staples Inc. (NASD: SPLS) in the S&P 500, S&P SmallCap 600
constituent ILG Inc. (NASD: ILG) will replace Cadence Design Systems in
the S&P MidCap 400, and Meta Financial Group Inc. (NASD: CASH) will
replace ILG in the S&P SmallCap 600 effective prior to the open on
Monday, September 18. Sycamore Partners is acquiring Staples in a deal
expected to be completed soon pending final conditions.
-- S&P SmallCap 600 constituent The Brink's Co. (NYSE: BCO) will replace
VCA Inc. (NASD: WOOF) in the S&P MidCap 400, and ARMOUR Residential REIT
Inc. (NYSE: ARR) will replace Brink's in the S&P SmallCap 600 effective
prior to the open on Monday, September 18. Mars Inc. is acquiring VCA in
a deal expected to be completed soon.
-- Callon Petroleum Company Inc. (NYSE: CPE) will replace WebMD Health
Corp. (NASD: WBMD) in the S&P MidCap 400 effective prior to the open on
Monday, September 18. KKR Inc. is acquiring WebMD Health in a deal
expected to be completed soon pending final conditions.
-- Whitestone REIT (NYSE: WSR) will replace CDI Corp. (NYSE: CDI) in the
S&P SmallCap 600 effective prior to the open on Wednesday, September 13.
AE Industrial Partners LLC is acquiring CDI in a deal expected to be
completed on or about that date pending final conditions.
Cadence Design Systems provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis. Headquartered in San Jose, CA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Application Software Sub-Industry index.
ILG provides professional vacation services. Headquartered in Miami, FL, the company will be added to the S&P MidCap 400 GICS Hotels, Resorts & Cruise Lines Sub-Industry index.
Meta Financial Group offers various banking products and services. Headquartered in Sioux Falls, SD, the company will be added to the S&P SmallCap 600 GICS Thrifts & Mortgage Finance Sub-Industry index.
The Brink's Company provides secure transportation, cash management services, and other security-related services. Headquartered in Richmond, VA, the company will be added to the S&P MidCap 400 GICS Security & Alarm Services Sub-Industry index.
ARMOUR Residential REIT invests in residential mortgage backed securities. Headquartered in Vero Beach, FL, the company will be added to the S&P SmallCap 600 GICS Mortgage REITs Sub-Industry index.
Callon Petroleum acquires, explores for, develops, and produces oil and natural gas properties. Headquartered in Natchez, MS, the company will be added to the S&P MidCap 400 GICS Oil & Gas Exploration & Production Sub-Industry index.
Whitestone REIT is an equity real estate investment trust that owns and operates commercial properties. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Retail REITs Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - September 13, 2017
-------------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Whitestone REIT Real Estate Retail REITs
----- --------------- ----------- ------------
DELETED CDI Industrials Human Resource & Employment
Services
------- --- ----------- ---------------------------
S&P 500 INDEX - September 18, 2017
----------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Cadence Design Systems Information Technology Application Software
----- ---------------------- ---------------------- --------------------
DELETED Staples Consumer Discretionary Specialty Stores
------- ------- ---------------------- ----------------
S&P MIDCAP 400 INDEX - September 18, 2017
-----------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED ILG Consumer Discretionary Hotels, Resorts & Cruise
Lines
----- --- ---------------------- -------------------------
The Brink's Co. Industrials Security & Alarm Services
--------------- ----------- -------------------------
Callon Petroleum Energy Oil & Gas Exploration &
Production
---------------- ------ ------------------------
DELETED Cadence Design Systems Information Technology Application Software
------- ---------------------- ---------------------- --------------------
VCA Health Care Health Care Facilities
--- ----------- ----------------------
WebMD Health Information Technology Internet Software & Services
------------ ---------------------- ----------------------------
S&P SMALLCAP 600 INDEX - September 18, 2017
-------------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Meta Financial Financials Thrifts & Mortgage Finance
----- -------------- ---------- --------------------------
ARMOUR Residential REIT Real Estate Mortgage REITS
----------------------- ----------- --------------
DELETED ILG Consumer Discretionary Hotel, Resorts & Cruise
Lines
------- --- ---------------------- ------------------------
The Brink's Co. Industrials Security & Alarm Services
--------------- ----------- -------------------------
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FOR MORE INFORMATION:
S&P Dow Jones Indices
index_services@spglobal.com
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 39077
david.blitzer@spglobal.com
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com
Luke Shane
North America Communications
New York, USA
(+1) 212 438 8184
luke.shane@spglobal.com
Haw-Yan Man
EMEA Communications
London, UK
(+44) 207 176 3023
haw-yan.man@spglobal.com
Cecilia Ho
Asia Pacific Communications
Hong Kong, HK
(+852) 2532 8061
cecilia.ho@spglobal.com
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SOURCE S&P Dow Jones Indices
