NEW YORK, Feb. 23, 2016 /PRNewswire/ -- S&P Dow Jones
Indices will make the following changes to the S&P MidCap 400
and S&P SmallCap 600 indices:
- S&P SmallCap 600 constituent Snyder's-Lance Inc. (NASD: LNCE) will replace
California Resources Corp. (NYSE: CRC) in the S&P MidCap 400,
and Trex Co. (NYSE: TREX) will replace Snyder's-Lance in the S&P SmallCap 600
after the close of trading on Wednesday,
February 24. California Resources has a low stock price, and
its low market capitalization ranks it at the bottom of the S&P
MidCap 400.
- AMAG Pharmaceuticals Inc. (NASD: AMAG) will replace Diamond
Foods Inc. (NASD: DMND) in the S&P SmallCap 600 after the close
of trading on Monday, February 29.
Newly added S&P MidCap 400 constituent Snyder's-Lance (NASD: LNCE) is acquiring
Diamond Foods in a deal expected to be completed on or about that
date pending final approvals.
Snyder's-Lance manufactures,
distributes, markets, and sells snack food products. Headquartered
in Charlotte, NC, the company will
be added to the S&P MidCap 400 GICS (Global Industry
Classification Standard) Packaged Foods & Meats Sub-Industry
index.
Trex manufactures and distributes wood/plastic composite
products, and related accessories. Headquartered in Winchester, VA, the company will be added to
the S&P SmallCap 600 GICS Building Products Sub-Industry
index.
AMAG Pharmaceuticals operates as a specialty pharmaceutical
company. Headquartered in Waltham,
MA, the company will be added to the S&P SmallCap 600
GICS Biotechnology Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – February 24, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Snyder's-Lance
|
Consumer
Staples
|
Packages Foods &
Meats
|
DELETED
|
California
Resources
|
Energy
|
Oil & Gas
Exploration & Production
|
S&P SMALLCAP
600 INDEX – February 24, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Trex
|
Industrials
|
Building
Products
|
DELETED
|
Snyder's-Lance
|
Consumer
Staples
|
Packaged Foods &
Meats
|
S&P SMALLCAP
600 INDEX – February 29, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
AMAG
Pharmaceuticals
|
Health
Care
|
Biotechnology
|
DELETED
|
Diamond
Foods
|
Consumer
Staples
|
Packaged Foods &
Meats
|
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
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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
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visit:http://www.prnewswire.com/news-releases/snyders-lance-set-to-join-the-sp-midcap-400-trex-amag-pharmaceuticals-to-join-sp-smallcap-600-300225000.html
SOURCE S&P Dow Jones Indices