NEW YORK, May 8, 2017 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P MidCap
400 and S&P SmallCap 600 indices:
- Valvoline Inc. (NYSE: VVV) will replace Noble Corp. plc (NYSE:
NE) in the S&P MidCap 400, and Noble will replace Celadon Group
Inc. (NYSE: CGI) in the S&P SmallCap 600 effective prior to the
open on Tuesday, May 16. S&P
MidCap 400 constituent Ashland Global Holdings Inc. (NYSE: ASH) is
spinning off its remaining stake in Valvoline in a transaction
expected to be completed prior to the open on Monday, May 15, pending final conditions. Ashland
Global will remain in the S&P MidCap 400 post the spin-off
transaction. Noble is ranked at the bottom of the S&P MidCap
400 and is no longer representative of the mid-cap market space.
Celadon is ranked near the bottom of the S&P SmallCap 600 and
is no longer representative of the small-cap market space.
- MaxLinear Inc. (NYSE: MXL) will replace Exar Corp. (NYSE: EXAR)
in the S&P SmallCap 600 effective prior to the open on
Monday, May 15. MaxLinear is
acquiring Exar in a deal expected to be completed on or about that
date, pending final conditions.
- Lantheus Holdings Inc. (NASD: LNTH) will replace Tidewater Inc.
(NYSE: TDW) in the S&P SmallCap 600 effective prior to the open
on Tuesday, May 16. Tidewater is
ranked at the bottom of the S&P SmallCap 600 and is no longer
representative of the small-cap market space.
Valvoline Inc. manufactures and markets automotive and
industrial lubricants. Headquartered in Lexington, KY, the company will be added to
the S&P MidCap 400 GICS (Global Industry Classification
Standard) Commodity Chemicals Sub-Industry index.
Noble Corporation plc operates as an offshore drilling
contractor for the oil and gas industry. Headquartered in
London, UK, the company will be
added to the S&P SmallCap 600 GICS Oil & Gas Drilling
Sub-Industry index.
MaxLinear provides radio-frequency and mixed-signal circuits for
broadband communications, data center, metro, and long-haul
transport network applications. Headquartered in Carlsbad, NY, the
company will be added to the S&P SmallCap 600 GICS
Semiconductors Sub-Industry index.
Lantheus Holdings develops, manufactures, and commercializes
diagnostic medical imaging agents and products for the diagnosis
and treatment of cardiovascular and other diseases. Headquartered
in North Billerica, MA, the
company will be added to the S&P SmallCap 600 GICS Health Care
Supplies Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP
600 INDEX – May 15, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
MaxLinear
|
Information
Technology
|
Semiconductors
|
DELETD
|
Exar
|
Information
Technology
|
Semiconductors
|
S&P MIDCAP 400
INDEX – MAY 16, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Valvoline
|
Materials
|
Commodity
Chemicals
|
DELETED
|
Noble
|
Energy
|
Oil & Gas
Drilling
|
S&P SMALLCAP
600 INDEX – May 16, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Noble
|
Energy
|
Oil & Gas
Drilling
|
|
Lantheus
|
Health
Care
|
Health Care
Supplies
|
DELETED
|
Celadon
|
Industrials
|
Trucking
|
|
Tidewater
|
Energy
|
Oil & Gas
Equipment &
Services
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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FOR MORE INFORMATION:
Soogyung Jordan
Global Head of
Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com
David Blitzer
Managing
Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/valvoline-set-to-join-sp-midcap-400-noble-lantheus-and-maxlinear-to-join-sp-smallcap-600-300453602.html
SOURCE S&P Dow Jones Indices