Western Refining and California Resources Set to Join the S&P MidCap 400; Rayonier Advanced Materials to Join the S&P SmallCap 600

NEW YORK, Nov. 20, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:

• Western Refining Inc. (NYSE: WNR) will replace Bally Technologies Inc. (NYSE:BYI) in the S&P MidCap 400 after the close of trading on Monday, November 24. S&P SmallCap 600 constituent Scientific Games Corp. (NASD:SGMS) is acquiring Bally Technologies in a transaction expected to be completed on November 21.
• California Resources Corp. (NYSE:CRCwi) will replace Rayonier Advanced Materials Inc. (NYSE:RYAM) in the S&P MidCap 400, and Rayonier Advanced Materials will replace Symmetry Medical Inc. (NYSE:SMA) in the S&P SmallCap 600 after the close of trading on Friday, November 28. S&P 100 & 500 constituent Occidental Petroleum Inc. (NYSE:OXY) is spinning off California Resources in a transaction expected to be completed on that date. Occidental Petroleum will remain in the S&P 100 & 500 following the distribution. Rayonier Advanced Materials' market capitalization is below $1.1 billion, making it more representative of the small cap market space. Symmetry Medical is selling certain assets that will result in the remaining company's market capitalization being too small for continued inclusion in the SmallCap 600.

Western Refining operates as an independent crude oil refiner and marketer of refined products. Headquartered in El Paso, TX, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Oil & Gas Refining & Marketing Sub-Industry index.

California Resources provides oil and natural gas exploration and production services. Headquartered in Los Angeles, CA, the company will be added to the S&P MidCap 400 GICS Oil & Gas Exploration & Production Sub-Industry index.

Rayonier Advanced Materials is a producer of high-purity cellulose. Headquartered in Jacksonville, FL, the company will be added to the S&P SmallCap 600 GICS Specialty Chemicals 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
(+) 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

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