Tanger Factory Outlet Centers Set to Join the S&P MidCap 400; American Equity Investment Life, AngioDynamics to Join the S&P SmallCap 600
NEW YORK, Oct. 10, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
- S&P SmallCap 600 constituent Tanger Factory Outlet Centers Inc. (NYSE:SKT) will replace URS Corp. (NYSE:URS) in the S&P MidCap 400, and American Equity Investment Life Holding Co. (NYSE:AEL) will replace Tanger Factory Outlet Centers in the S&P SmallCap 600 after the close of trading on Friday, October 17. S&P MidCap 400 constituent AECOM Technology Corp. (NYSE:ACM) is acquiring URS in a deal expected to be completed on or about that date pending final approvals.
- AngioDynamics Inc. (NASD:ANGO) will replace Annie's Inc. (NYSE:BNNY) in the S&P SmallCap 600 after the close of trading on Monday, October 20. S&P 500 constituent General Mills Inc. (NYSE: GIS) is acquiring Annie's in a deal expected to be completed soon.
Tanger Factory Outlet Centers is a real estate investment trust that develops, acquires and manages outlet shopping centers. Headquartered in Greensboro, NC, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Retail REITs Sub-Industry index.
American Equity Investment Life Holding Company underwrites fixed annuities. Headquartered in West Des Moines, IA, the company will be added to the S&P SmallCap 600 GICS Life & Health Insurance Sub-Industry index.
AngioDynamics designs, manufactures, and sells medical, surgical, and diagnostic devices. Headquartered in Latham, NY, the company will be added to the S&P SmallCap 600 GICS Health Care Equipment Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – October 17, 2014 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Tanger Factory Outlet Centers |
Financials |
Retail REITs |
DELETED |
URS |
Industrials |
Construction & Engineering |
S&P SMALLCAP 600 INDEX – October 17, 2014 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
American Equity Investment Life Holding |
Financials |
Life & Health Insurance |
DELETED |
Tanger Factory Outlet Centers |
Financials |
Retail REITs |
S&P SMALLCAP 600 INDEX – October 20, 2014 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
AngioDynamics |
Health Care |
Health Care Equipment |
DELETED |
Annie's |
Consumer Staples |
Packaged Foods & Meats |
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.
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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
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