CDK Global Set to Join the S&P MidCap 400 and Bill Barrett to Join the S&P SmallCap 600

NEW YORK, Sept. 23, 2014 /PRNewswire/ -- CDK Global Inc. (NASD: CDKVV) will replace Bill Barrett Corp. (NYSE: BBG) in the S&P MidCap 400, and Bill Barrett will replace ITT Educational Services Inc. (NYSE: ESI) in the S&P SmallCap 600 after the close of trading on Tuesday, September 30. S&P 500 constituent Automatic Data Processing Inc. (NASD: ADP) is spinning off CDK Global in a deal expected to be completed on that date. Bill Barrett's market capitalization is below $1.2 billion, making it more representative of the small cap market space. ITT Educational Services is ranked at the bottom of the S&P SmallCap 600.

CDK Global provides integrated information technology and digital marketing solutions to retail locations and manufacturers. Headquartered in Hoffman Estates, IL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Application Software Sub-Industry index.

Bill Barrett acquires, explores, and develops oil and natural gas resources. Headquartered in Denver, CO, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Exploration & Production Sub-Industry index.

Following is a summary of the changes:

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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For more information:

Dave Guarino
Communications
S&P Dow Jones Indices
[email protected]
(212) 438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
[email protected]
(212) 438-3907

SOURCE S&P Dow Jones Indices

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