Time Set to Join S&P MidCap 400; Bob Evans Farms to Join S&P SmallCap 600

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Jun 02, 2014, 05:56 ET

NEW YORK, June 2, 2014 /PRNewswire/ -- Time Inc. (NYSE: TIMEwi) will replace Bob Evans Farms Inc. (NASD: BOBE) in the S&P MidCap 400, and Bob Evans Farms will replace Blyth Inc. (NYSE: BTH) in the S&P SmallCap 600 effective after the close of trading on Friday, June 6. S&P 100 & 500 constituent Time Warner Inc. (NYSE: TWX) is spinning off Time to shareholders in a transaction expected to be completed after the close of trading on that date. Post spin, Time Warner will remain in the S&P 100 & 500 indices. Bob Evans Farms is ranked # 400 in the S&P MidCap 400 and is more appropriate for the S&P SmallCap 600. Blyth is ranked near the bottom of the S&P SmallCap 600 and is no longer representative of that index.

Time publishes magazines. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Publishing Sub-Industry index.

Bob Evans Farms owns and operates full-service restaurants. Headquartered in Columbus, OH, the company will be added to the S&P SmallCap 600 GICS Restaurants Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – June 6, 2014
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	Time	Consumer Discretionary	Publishing
DELETED	Bob Evans Farms	Consumer Discretionary	Restaurants

S&P SMALLCAP 600 INDEX – June 6, 2014
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	Bob Evans Farms	Consumer Discretionary	Restaurants
DELETED	Blyth	Consumer Discretionary	Housewares & Specialties

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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