Domino's Pizza to Join S&P MidCap 400; Cynosure to Join S&P SmallCap 600
NEW YORK, May 22, 2013 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and SmallCap 600 indices:
- Domino's Pizza Inc. (NYSE: DPZ) will replace Plains Exploration & Production Co. (NYSE: PXP) in the S&P MidCap 400 after the close of trading on Thursday, May 30. S&P 100 & 500 constituent Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) is acquiring Plains Exploration & Production in a deal expected to be completed on or about that date.
- Cynosure Inc. (NASD: CYNO) will replace NCI Building Systems Inc. (NYSE: NCS) in the S&P SmallCap 600 after the close of trading on Friday, May 31. NCI Building Systems announced the conversion of some preferred stock which will leave the company's public float substantially below the 50% threshold needed for continued inclusion in the index.
Domino's Pizza operates as a pizza delivery company. Headquartered in Ann Arbor, MI, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Restaurants Sub-Industry index.
Cynosure develops, manufactures, and markets aesthetic treatment systems. Headquartered in Westford, MA, the company will be added to the S&P SmallCap 600 GICS Health Care Equipment Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – May 30, 2013 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Domino's Pizza |
Consumer Discretionary |
Restaurants |
DELETED |
Plains Exploration & Production |
Energy |
Oil & Gas Exploration & Production |
S&P SMALLCAP 600 INDEX – May 31, 2013 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Cynosure |
Health Care |
Health Care Equipment |
DELETED |
NCI Building Systems |
Industrials |
Building Products |
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.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies 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 AverageSM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets 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.
It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, and their respective affiliates, parents, subsidiaries, directors, officers, shareholders, employees and agents (collectively "S&P Dow Jones Indices") does not sponsor, endorse, sell, or promote any investment fund or other vehicle that is offered by third parties and that seeks to provide an investment return based on the returns of any S&P Dow Jones Indices index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices or its affiliates do not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
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For more information:
Dave Guarino
Communications
S&P Dow Jones Indices
[email protected]
(201) 755-5334
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david_blitzer@ spdji.com
(917) 376-1204
SOURCE S&P Dow Jones Indices
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