Murphy USA Set to Join S&P MidCap 400; Strayer Education, Flotek Industries to Join S&P SmallCap 600

NEW YORK, Aug. 22, 2013 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and SmallCap 600 indices:

• Murphy USA Inc. (NYSE:MUSAwi) will replace Strayer Education Inc. (NASD:STRA) in the S&P MidCap 400, and Strayer Education will replace STR Holdings Inc. (NYSE:STRI) in the S&P SmallCap 600 after the close of trading on Friday, August 30. S&P 500 constituent Murphy Oil Inc. (NYSE:MUR) is spinning off Murphy USA to shareholders in a transaction expected to be completed on or about that date. Murphy Oil will remain in the S&P 500. Strayer's market capitalization is more representative of the small cap market space. STR Holdings is ranked #600 in the S&P SmallCap 600 and is no longer appropriate for that index.
• Flotek Industries Inc. (NYSE:FTK) will replace Buckeye Technologies Inc. (NYSE:BKI) in the S&P SmallCap 600 after the close of trading on Monday, August 26. Georgia Pacific LLC is acquiring Buckeye Technologies in a deal expected to be completed on August 23.

Murphy USA markets retail motor fuel products and convenience merchandise. Headquartered in El Dorado, AR, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Automotive Retail Sub-Industry index.

Strayer Education provides post-secondary education services for working adults. Headquartered in Herndon, VA, the company will be added to the S&P SmallCap 600 GICS Education Services Sub-Industry index.

Flotek Industries engages in the research, development, design, and supply of drilling and production related products and services. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Specialty Chemicals 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 830,000 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.  

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, 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:
Dave Guarino
Communications
S&P Dow Jones Indices
[email protected]
(212) 438-1471

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

SOURCE S&P Dow Jones Indices

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