NEW YORK, Sept. 30, 2015 /PRNewswire/ -- S&P 500
constituent Joy Global Inc. (NYSE: JOY) will replace Thoratec Corp.
(NASDAQ: THOR) in the S&P MidCap 400, and Verisk Analytics Inc.
(NASDAQ: VRSK) will replace Joy Global in the S&P 500 after the
close of trading on Wednesday, October
7. S&P 500 constituent St. Jude Medical Inc. (NYSE: STJ)
is acquiring Thoratec in a deal expected to be completed on or
about that date, pending final approvals. Joy Global has a market
capitalization more representative of the mid-cap market space.
Joy Global Inc. manufactures and services mining equipment.
Headquartered in Milwaukee,
WI, the company will be added to the S&P MidCap 400 GICS
(Global Industry Classification Standard) Construction Machinery
& Heavy Trucks Sub-Industry index.
Verisk Analytics provides information about risk to
professionals in insurance, healthcare, financial services,
government, supply chain, and risk management. Headquartered in
Jersey City, NJ, the company will
be added to the S&P 500 GICS Research & Consulting Services
Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 500
INDEX – October 7, 2015
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Verisk
Analytics
|
Industrials
|
Research &
Consulting Services
|
DELETED
|
Joy Global
|
Industrials
|
Construction
Machinery & Heavy Trucks
|
S&P MIDCAP 400
INDEX – October 7, 2015
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Joy Global
|
Industrials
|
Construction
Machinery & Heavy Trucks
|
DELETED
|
Thoratec
|
Health
Care
|
Health Care
Equipment
|
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.
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