NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones
Indices will make the following changes to the S&P MidCap 400
and S&P SmallCap 600 effective prior to the open of trading on
Thursday, November 30:
- Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc.
(NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace
PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of
California Inc. (NYSE: BANC) is acquiring PacWest Bancorp in a deal
expected to be completed soon, pending final closing conditions.
Post-merger, Banc of California
will remain in the S&P SmallCap 600. ICU Medical is more
representative of the small-cap market space.
- WP Carey Inc. (NYSE: WPC) will replace
Worthington Industries Inc. (NYSE: WOR) in the
S&P MidCap 400. Worthington Industries will
replace Avantax, Inc. (NASD:
AVTA) in the S&P SmallCap 600. Aretec
Group, Inc. is acquiring Avantax in a deal
expected to be completed soon pending final closing
conditions. Worthington Industries is more appropriate for
the S&P SmallCap 600 with an anticipated spin-off
transaction expected to be completed in early December.
- Clearway Energy Inc. (NYSE: CWEN,
CWEN.A) will replace Veritiv Corporation
(NYSE: VRTV) in the S&P SmallCap 600.
Clayton, Dubilier & Rice, LLC is to acquire
Veritiv Corporation in a deal expected to be completed soon,
pending final closing conditions.
Following is a summary of the changes that will take place prior
to the open of trading on the effective date:
|
Effective
Date
|
Index
Name
|
Action
|
Company
Name
|
Ticker
|
GICS
Sector
|
|
November 30,
2023
|
S&P MidCap
400
|
Addition
|
Carlyle
Group
|
CG
|
Financials
|
|
S&P MidCap
400
|
Deletion
|
ICU Medical
|
ICUI
|
Health Care
|
|
S&P MidCap
400
|
Addition
|
WP Carey
|
WPC
|
Real Estate
|
|
S&P MidCap
400
|
Deletion
|
Worthington
Industries
|
WOR
|
Materials
|
|
S&P SmallCap
600
|
Addition
|
Clearway
Energy
|
CWEN;
CWEN.a
|
Utilities
|
|
S&P SmallCap
600
|
Deletion
|
Veritiv
|
VRTV
|
Industrials
|
|
S&P SmallCap
600
|
Addition
|
Worthington
Industries
|
WOR
|
Materials
|
|
S&P SmallCap
600
|
Deletion
|
Avantax,
|
AVTA
|
Financials
|
|
S&P SmallCap
600
|
Addition
|
ICU Medical
|
ICUI
|
Health Care
|
|
S&P SmallCap
600
|
Deletion
|
PacWest
Bancorp
|
PACW
|
Financials
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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SOURCE S&P Dow Jones Indices