NEW YORK, Aug. 14, 2014 /PRNewswire/ -- S&P MidCap 400
constituent Mallinckrodt plc (NYSE:MNK)
will replace Rowan Companies plc (NYSE:RDC) in the S&P 500,
Rowan will replace Mallinckrodt in the
S&P MidCap 400, and GulfMark Offshore Inc. (NYSE:GLF) will
replace Questcor Pharmaceuticals Inc. (NASD:QCOR) in the
S&P SmallCap 600 after the close of trading on Monday, August 18. Mallinckrodt is acquiring Questcor Pharmaceuticals
in a deal expected to be completed tonight.
Mallinckrodt develops, manufactures,
markets, and distributes branded and generic specialty
pharmaceuticals, active pharmaceutical ingredients, and diagnostic
imaging agents. Headquartered in Dublin,
Ireland, the company will be added to the S&P 500 GICS
(Global Industry Classification) Pharmaceuticals Sub-Industry
index.
Rowan Companies provides offshore oil and gas contract drilling
services. Headquartered in Houston,
TX, the company will be added to the S&P MidCap 400 GICS
Oil & Gas Drilling Sub-Industry index.
GulfMark Offshore provides offshore marine support and
transportation services. Headquartered in Houston, TX, the company will be added to the
S&P SmallCap 600 GICS Oil & Gas Equipment & Services
Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX
– August 18, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Mallinckrodt
|
Health
Care
|
Pharmaceuticals
|
DELETED
|
Rowan
|
Energy
|
Oil & Gas
Drilling
|
S&P MIDCAP 400
INDEX – August 18, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Rowan
|
Energy
|
Oil & Gas
Drilling
|
DELETED
|
Mallinckrodt
|
Health
Care
|
Pharmaceuticals
|
S&P SMALLCAP
600 INDEX – August 18, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Gulfmark
Offshore
|
Energy
|
Oil & Gas
Equipment & Services
|
DELETED
|
Questcor
Pharmaceuticals
|
Health
Care
|
Pharmaceuticals
|
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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