Keysight Technologies and Halyard Health Set to Join the S&P MidCap 400; Universal and ADTRAN to Join the S&P SmallCap 600

NEW YORK, Oct. 27, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices effective after the close of trading on Friday, October 31:

• Keysight Technologies Inc. (NYSE:KEYSwi) will replace Universal Corp. (NYSE:UVV) in the S&P MidCap 400, and Universal will replace Rubicon Technology Inc. (NASD:RBCN) in the S&P SmallCap 600. S&P 500 constituent Agilent Technologies Inc. (NYSE:A) is spinning off Keysight Technologies in a transaction expected to be completed on that date. Agilent will remain in the S&P 500 following the distribution. Universal's market capitalization is approximately $1.0 billion, making it more representative of the small cap market space. Rubicon Technology is ranked at the bottom of the S&P SmallCap 600.
• Halyard Health Inc. (NYSE:HYHwi) will replace ADTRAN Inc. (NASD:ADTN) in the S&P MidCap 400, and ADTRAN will replace Forest Oil Corp. (NYSE:FST) in the S&P SmallCap 600. S&P 500 constituent Kimberly-Clark Corp. (NYSE:KMB) is spinning off Halyard Health in a transaction expected to be completed on that date. Kimberly-Clark will remain in the S&P 500 following the distribution. ADTRAN's market capitalization is below $1.2 billion, making it more representative of the small cap market space. Forest Oil is ranked near the bottom of the S&P SmallCap 600.

Keysight Technologies provides electronic measurement solutions. Headquartered in Santa Rosa, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Electronic Equipment & Instruments Sub-Industry index.

Universal operates as a leaf tobacco merchant and processor. Headquartered in Richmond, VA, the company will be added to the S&P SmallCap 600 GICS Tobacco Sub-Industry index.

Halyard Health sells surgical and anti-infection products for operating rooms. Headquartered in Alpharetta, GA, the company will be added to the S&P MidCap 400 GICS Health Care Supplies Sub-Industry index.

ADTRAN manufactures and sells networking and communications equipment. Headquartered in Huntsville, AL, the company will be added to the S&P SmallCap 600 GICS Communications Equipment 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.

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.

For more information:

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

David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
[email protected]

SOURCE S&P Dow Jones Indices

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