Lamb Weston Set to Join the S&P Midcap 400; Ascena Retail Group to Join S&P SmallCap 600
NEW YORK, Nov. 3, 2016 /PRNewswire/ -- Lamb Weston Holdings Inc. (NYSE: LW) will replace Ascena Retail Group Inc. (NASD:ASNA) in the S&P Midcap 400, and Ascena Retail Group will replace Intrepid Potash Inc. (NYSE:IPI) in the S&P SmallCap 600 after the close of trading on Thursday, November 10. S&P 500 constituent ConAgra Foods Inc. (NYSE:CAG) is spinning off Lamb Weston Holdings in a deal expected to be completed on or about that date pending final approvals. Intrepid Potash is ranked last in the S&P SmallCap 600.
Lamb Weston Holdings produces and markets frozen potatoes. Headquartered in Chicago, IL, the company will be added to the S&P Midcap 400 GICS (Global Industry Classification Standard) Packaged Foods & Meats Sub-Industry index.
Ascena Retail Group operates as a specialty retailer of apparel, shoes and accessories. Headquartered in Mahwah, NJ, the company will be added to the S&P SmallCap 600 GICS Apparel Retail Sub-Industry index.
Following is a summary of the changes:
| S&P MIDCAP 400 INDEX – NOVEMBER 10, 2016 |
|||
| COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
| ADDED |
Lamb Weston Holdings |
Consumer Staples |
Packaged Foods & Meat |
| DELETED |
Ascena Retail Group |
Consumer Discretionary |
Apparel Retail |
| S&P SMALLCAP 600 INDEX – NOVEMBER 10, 2016 |
|||
| COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
| ADDED |
Ascena Retail Group |
Consumer Discretionary |
Apparel Retail |
| DELETED |
Intrepid Potash |
Materials |
Fertilizers & Agricultural Chemicals |
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FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
[email protected]
Luke Shane
Communications Manager
New York, USA
(+1) 212 438 8184
[email protected]
SOURCE S&P Dow Jones Indices
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