NEW YORK, Feb. 26, 2016 /PRNewswire/ -- S&P
SmallCap 600 constituent PrivateBancorp Inc. (NASD:PVTB) will
replace Sirona Dental Systems Inc. (NASD:SIRO) in the S&P
MidCap 400, and Cogent Communications Holdings Inc. (NASD:CCOI)
will replace PrivateBancorp in the S&P SmallCap 600 after the
close of trading on Monday, February
29. S&P 500 constituent Dentsply International Inc.
(NASD:XRAY) is acquiring Sirona Dental Systems in a deal expected
to be completed on or about that date pending final
conditions. Post merger, Dentsply International will change
its name to Dentsply Sirona.
PrivateBancorp provides customized financial services.
Headquartered in Chicago, IL, the
company will be added to the S&P MidCap 400 GICS (Global
Industry Classification Standard) Regional Banks Sub-Industry
index.
Cogent Communications Holdings provides high-speed Internet
access and Internet protocol communications services. Headquartered
in Washington, DC, the company
will be added to the S&P SmallCap 600 GICS Alternative Carriers
Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – February 29, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
PrivateBancorp
|
Financials
|
Regional
Banks
|
DELETED
|
Sirona Dental
Systems
|
Health
Care
|
Health Care
Equipment
|
S&P SMALLCAP
600 INDEX – February 29, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Cogent
Communications
|
Telecommunication
Services
|
Alternative
Carriers
|
DELETED
|
PrivateBancorp
|
Financials
|
Regional
Banks
|
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.
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
About S&P Dow Jones Indices
S&P Dow Jones
Indices LLC, a part of McGraw Hill Financial, is the world's
largest, global resource for index-based concepts, data and
research. Home to iconic financial market indicators, such as the
S&P 500® and the Dow Jones Industrial
Average®, S&P Dow Jones Indices LLC has over 115
years of experience constructing innovative and transparent
solutions that fulfill the needs of investors. More assets are
invested in products based upon our indices than any other provider
in the world. With over 1,000,000 indices covering a wide range of
asset classes across the globe, S&P Dow Jones Indices LLC
defines the way investors measure and trade the markets. To learn
more about our company, please visit www.spdji.com.
S&P® is a registered trademark of Standard & Poor's
Financial Services LLC ("S&P"), a part of McGraw Hill
Financial. Dow Jones® is a registered trademark of Dow Jones
Trademark Holdings LLC ("Dow Jones"). These trademarks have been
licensed to S&P Dow Jones Indices LLC. It is not possible to
invest directly in an index. S&P Dow Jones Indices LLC, Dow
Jones, S&P and their respective affiliates (collectively
"S&P Dow Jones Indices") do not sponsor, endorse, sell, or
promote any investment fund or other investment vehicle that is
offered by third parties and that seeks to provide an investment
return based on the performance of any index. This document does
not constitute an offer of services in jurisdictions where S&P
Dow Jones Indices does not have the necessary licenses. S&P Dow
Jones Indices receives compensation in connection with licensing
its indices to third parties.
S&P DJI MEDIA CONTACTS:
David Blitzer
Managing Director and Chairman of Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com
Soogyung Jordan
Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/privatebancorp-set-to-join-the-sp-midcap-400-cogent-communications-to-join-sp-smallcap-600-300226911.html
SOURCE S&P Dow Jones Indices