Vista Outdoor Set to Join the S&P MidCap 400; CARBO Ceramics and Summit Hotel Properties to Join the S&P SmallCap 600

NEW YORK, Feb. 3, 2015 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Monday, February 9:

• Vista Outdoor Inc. (NYSE: VSTOwi) will replace CARBO Ceramics Inc. (NYSE: CRR) in the S&P MidCap 400, and CARBO Ceramics will replace Alliance One International Inc. (NYSE: AOI) in the S&P SmallCap 600. S&P MidCap 400 constituent Alliant Techsystems Inc. (NYSE: ATK) is spinning off Vista Outdoors in a transaction expected to be completed on that date. Alliant Techsystems will remain in the S&P MidCap 400 following the distribution. CARBO Ceramics' market capitalization is below $800 million, making it more representative of the small cap market space. Alliance One International is ranked # 600 in the S&P SmallCap 600.
• Summit Hotel Properties Inc. (NYSE: INN) will replace Orbital Sciences Corp. (NYSE: ORB) in the S&P SmallCap 600. The post spin-off Alliant Techsystems is acquiring Orbital Science in a transaction expected to be completed on or about February 9. Post merger, the combined company will change its name to Orbital ATK Inc.

Vista Outdoor is a designer, manufacturer and marketer in the outdoor sports and recreation markets. Headquartered in Clearfield, UT, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Leisure Products Sub-Industry index.

CARBO Ceramics operates as an oilfield services technology company. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Equipment & Services Sub-Industry index.

Summit Hotel Properties, operating as a Real Estate Investment Trust (REIT), acquires and owns hotels. Headquartered in Austin, TX, the company will be added to the S&P SmallCap 600 GICS Hotel & Resort REITs 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 1,000,000 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.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), 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:

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+1) 212 438 3907
[email protected] 

David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
[email protected]

SOURCE S&P Dow Jones Indices

Related Links

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