Six Flags Entertainment and Sterling Bancorp Set to Join S&P MidCap 400; Oil States Intl. and KEMET to Join S&P SmallCap 600
NEW YORK, Sept. 26, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes in the S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, October 2:
- Six Flags Entertainment Corp. (NYSE: SIX) will replace PAREXEL International Corp. (NASD: PRXL) in the S&P MidCap 400. Pamplona Capital Management is acquiring PAREXEL in a deal expected to be completed soon pending final conditions.
- S&P SmallCap 600 constituent Sterling Bancorp (NYSE: STL) will replace Oil States International Inc. (NYSE: OIS) in the S&P MidCap 400, and KEMET Corp. (NYSE: KEM) will replace Astoria Financial Corp. (NYSE: AF) in the S&P SmallCap 600, and Oil States will replace Sterling Bancorp in the S&P SmallCap 600. Sterling Bancorp is acquiring Astoria in a deal expected to be completed soon pending final closing conditions. Post merger, Sterling Bancorp will be more representative of the mid-cap market space. Oil States is more representative of the small-cap market space.
Six Flags owns and operates regional theme and water parks. Headquartered in Grand Prairie, TX, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Leisure Facilities Sub-Industry index.
KEMET manufactures and sells passive electronic components. Headquartered in Simpsonvile, SC, the company will be added to the S&P SmallCap 600 Electronic Manufacturing Services GICS Sub-Industry index.
Sterling Bancorp provides various banking services to commercial, consumer, and municipal clients. Headquartered in Montebello, NY, the company will be added to the S&P MidCap 400 Regional Banks GICS Sub-Industry index.
Oil States provides specialty products and services to oil and natural gas companies. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 Oil & Gas Equipment & Services GICS Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – OCTOBER 2, 2017 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Six Flags |
Consumer Discretionary |
Leisure Facilities |
Sterling Bancorp |
Financials |
Regional Banks |
|
DELETED |
PARAXEL |
Health Care |
Life Sciences Tools & Services |
Oil States Int'l |
Energy |
Oil & Gas Equipment & Services |
S&P SMALLCAP 600 INDEX – OCTOBER 2, 2017 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
KEMET |
Information Technology |
Electronic Manufacturing Services |
Oil States Int'l |
Energy |
Oil & Gas Equipment & Services |
|
DELETED |
Astoria |
Financials |
Thrifts & Mortgage Finance |
Sterling Bancorp |
Financials |
Regional Banks |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
S&P Dow Jones Indices
[email protected]
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]
Luke Shane
North America Communications
New York, USA
(+1) 212 438 8184
[email protected]
Haw-Yan Man
EMEA Communications
London, UK
(+44) 207 176 3023
[email protected]
Cecilia Ho
Asia Pacific Communications
Hong Kong, HK
(+852) 2532 8061
[email protected]
SOURCE S&P Dow Jones Indices
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