Prestige Brands Holdings Set to Join the S&P MidCap 400; Great Western Bancorp to Join S&P SmallCap 600
NEW YORK, April 11, 2016 /PRNewswire/ -- S&P SmallCap 600 constituent Prestige Brands Holdings Inc. (NYSE: PBH) will replace Cleco Corporation. (NYSE: CNL) in the S&P MidCap 400, and Great Western Bancorp Inc. (NYSE: GWB) will replace Prestige Brands Holdings in the S&P SmallCap 600 after the close of trading on Wednesday, April 13. Macquarie Infrastructure Partners is acquiring Cleco in a deal expected to be completed on or about that date pending final conditions.
Prestige Brands Holdings markets, sells, and distributes over-the-counter (OTC) healthcare and household cleaning products. Headquartered in Tarrytown, NY, the company will be added to the S&P MidCap 400 (Global Industry Classification Standard) Pharmaceuticals Sub-Industry index.
Great Western Bancorp provides business and agribusiness banking, retail banking, and wealth management services. Headquartered in Sioux Falls, SD, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – April 13, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Prestige Brands |
Health Care |
Pharmaceuticals |
DELETED |
Cleco |
Utilities |
Electric Utilities |
S&P SMALLCAP 600 INDEX – April 13, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Great Western |
Financials |
Regional Banks |
DELETED |
Prestige Brands |
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.
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
[email protected]
Soogyung Jordan
Head of Communications
New York, USA
(+1) 212 438 2297
[email protected]
SOURCE S&P Dow Jones Indices
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article