LGI Homes Set to Join the S&P SmallCap 600
NEW YORK, July 20, 2016 /PRNewswire/ -- LGI Homes Inc. (NASD:LGIH) will replace Krispy Kreme Doughnuts Inc. (NYSE:KKD) in the S&P SmallCap 600 after the close of trading on Wednesday, July 27. JAB Holdings is acquiring Krispy Kreme Doughnuts in a deal expected to be completed on or about that date pending final approvals.
LGI Homes engages in the design, construction, marketing, and sale of new homes. Headquartered in The Woodlands, TX, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Homebuilding Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – JULY 27, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
LGI Homes |
Consumer Discretionary |
Homebuilding |
DELETED |
Krispy Kreme |
Consumer Discretionary |
Restaurants |
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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]
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
[email protected]
SOURCE S&P Dow Jones Indices
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