NEW YORK, May 2, 2018 /PRNewswire/ -- Apergy Corp. (NYSE:
APY) will replace 3D Systems Corp. (NYSE: DDD) in the S&P
MidCap 400, and 3D Systems will replace Impax Laboratories Inc.
(NASD: IPXL) in the S&P SmallCap 600 effective prior to the
open of trading on Thursday, May 10,
2018. S&P 500 constituent Dover Corp. (NYSE: DOV) is
spinning off Apergy in a transaction expected to be completed prior
to the open on Wednesday, May 9,
pending final conditions. Dover will remain in the S&P 500
following the spin-off transaction. 3D Systems has a market
capitalization that is more representative of the small-cap market
space. Impax Laboratories, which is combining with privately held
Amneal Pharmaceuticals LLC, is changing its name to Amneal
Pharmaceuticals Inc. and its ticker symbol (NYSE: AMRX) effective
on or about May 4. The newly combined
company will no longer be eligible for inclusion in the S&P
SmallCap 600 as its Investable Weight Factor (IWF), which measures
the percentage of free float available to the public, is expected
to fall well below the 50% eligibility threshold needed for
continued inclusion in the index.
Apergy provides various engineered technologies to drill for and
produce oil and gas worldwide. Headquartered in Woodlands, TX, the
company will be added to the S&P MidCap 400 GICS (Global
Industry Classification Standard) Oil & Gas Equipment &
Services Sub-Industry index.
3D Systems provides three-dimensional printing products and
services worldwide. Headquartered in Rock
Hill, SC, the company will be added to the S&P SmallCap
600 GICS Technology Hardware, Storage & Peripherals
Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – May 10, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Apergy
|
Energy
|
Oil & Gas
Equipment &
Services
|
DELETED
|
3D Systems
|
Information
Technology
|
Technology
Hardware,
Storage & Peripherals
|
S&P SMALLCAP
600 INDEX – May 10, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
3D Systems
|
Information
Technology
|
Technology
Hardware,
Storage & Peripherals
|
DELETED
|
Impax
Laboratories
|
Health
Care
|
Pharmaceuticals
|
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