NEW YORK, July 25, 2019 /PRNewswire/ -- S&P
SmallCap 600 constituent Tetra Tech Inc. (NASD: TTEK) will replace
TCF Financial Corp. (NYSE: TCF) in the S&P MidCap 400, and
Vector Group Ltd. (NYSE: VGR) will replace Tetra Tech in the
S&P SmallCap 600 effective prior to the open of trading on
Thursday, August 1. S&P MidCap
400 constituent Chemical Financial Corp. (NASD: CHFC) is acquiring
TCF Financial in a transaction expected to be completed soon
pending final conditions. Post-merger, Chemical Financial will be
renamed TCF Financial Corp. and will remain in the S&P MidCap
400.
Tetra Tech provides consulting and engineering services.
Headquartered in Pasadena, CA, the
company will be added to the S&P MidCap 400 GICS (Global
Industry Classification Standard) Environmental & Facilities
Services Sub-Industry index.
Vector Group manufactures and sells cigarettes. Headquartered in
Miami, FL, the company will be
added to the S&P SmallCap 600 GICS Tobacco Sub-Industry
index.
Following is a summary of the changes:
|
S&P MIDCAP 400
INDEX – August 1, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Tetra Tech
|
Industrials
|
Environmental
&
Facilities Services
|
|
DELETED
|
TCF
Financial
|
Financials
|
Regional
Banks
|
|
S&P SMALLCAP
600 INDEX – August 1, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Vector
Group
|
Consumer
Staples
|
Tobacco
|
|
DELETED
|
Tetra Tech
|
Industrials
|
Environmental
&
Facilities Services
|
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