Fortune Brands Home & Security Set to Join the S&P 500; Churchill Downs to Join S&P MidCap 400
NEW YORK, June 21, 2016 /PRNewswire/ -- S&P MidCap 400 constituent Fortune Brands Home & Security Inc. (NYSE:FBHS) will replace Cablevision Systems Corp. (NYSE:CVC), and Churchill Downs Inc. (NASD:CHDN) will replace Fortune Brands Home & Security in the S&P MidCap 400 after the close of trading on Thursday, June 23. Altice NV acquired Cablevision in a deal completed today.
Fortune Brands Home & Security provides home and security products for use in residential home repair, remodeling, new construction, and security applications. Headquartered in Deerfield, IL, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Building Products Sub-Industry index.
Churchill Downs provides pari-mutuel horseracing, online account wagering on horseracing, and casino gaming services. Headquartered in Louisville, KY, the company will be added to the S&P MidCap 400 GICS Casinos & Gaming Sub-Industry index.
Following is a summary of the changes:
| S&P 500 INDEX – JUNE 23, 2016 |
|||
| COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
| ADDED |
Fortune Brands Home & Security |
Industrials |
Building Products |
| DELETED |
Cablevision Systems |
Consumer Discretionary |
Cable & Satellite |
| S&P MIDCAP 400 INDEX – JUNE 23, 2016 |
|||
| COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
| ADDED |
Churchill Downs |
Consumer Discretionary |
Casinos & Gaming |
| DELETED |
Fortune Brands Home & Security |
Industrials |
Building Products |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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SOURCE S&P Dow Jones Indices
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