Standard & Poor's Announces Changes to U.S. Indices
NEW YORK, Feb. 23, 2011 /PRNewswire/ -- S&P MidCap 400 constituent Navigant Consulting Inc. (NYSE: NCI) will replace Genoptix Inc. (Nasdaq: GXDX) in the S&P SmallCap 600 index, and Northern Oil and Gas Inc. (NYSE Amex: NOG) will replace Navigant Consulting in the S&P MidCap 400 after the close of trading on Friday, February 25, 2011. Genoptix is being acquired by S&P Global 1200 constituent Novartis AG in a deal expected to be completed soon, pending final conditions. Navigant Consulting's market capitalization is below $490 million, making it more representative of the small cap space.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Navigant Consulting is a specialty consulting firm. Headquartered in Chicago, IL, the company will be added to the S&P Small Cap 600 GICS (Global Industry Classification Standard) Research & Consulting Services Sub-Industry index.
Northern Oil and Gas acquires, explores and develops oil and natural gas properties. Headquartered in Wayzata, MN, the company will be added to the S&P Midcap 400 GICS Oil & Gas Exploration & Production Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – February 25, 2011 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
Navigant Consulting |
Industrials |
Research & Consulting Services |
|
DELETED |
Genoptix |
Health Care |
Health Care Services |
|
S&P MIDCAP 400 INDEX – February 25, 2011 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
Northern Oil and Gas |
Energy |
Oil & Gas Exploration & Production |
|
DELETED |
Navigant Consulting |
Industrials |
Research & Consulting Services |
|
For more information about S&P Indices, please visit www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.
For more information contact:
David M. Blitzer, Ph.D. |
|
Managing Director & Chairman of the Index Committee |
|
(212) 438-3907 |
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SOURCE Standard & Poor's
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