NEW YORK, June 20, 2013 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P 500,
MidCap 400 and SmallCap 600 indices:
- News Corp. (NASD: NWSAV) will replace Apollo Group Inc. (NASD:
APOL) in the S&P 500, Apollo Group will replace Forest Oil
Corp. (NYSE: FST) in the S&P MidCap 400, and Forest Oil will
replace Enzo Biochem Inc. (NYSE: ENZ) in the S&P SmallCap 600
after the close of trading on Friday, June
28. S&P 100 & 500 constituent News Corp. (NASD:
NWSA), which is changing its name to 21st Century Fox,
is spinning off News Corp. in a transaction expected to be
completed on or about that date. The renamed 21st
Century Fox will remain in the S&P 100 & 500 indices.
Apollo Group's and Forest Oil's market capitalizations are more
representative of the mid cap and small cap market spaces
respectively. Enzo Biochem is ranked #599 in the S&P SmallCap
600 and is no longer appropriate for that index.
- Mallinckrodt plc (NYSE: MNKwi) will
replace Tellabs Inc. (NASD: TLAB) in the S&P MidCap 400 after
the close of trading on Friday, June
28. S&P 500 constituent Covidien plc (NYSE: COV) is
spinning off Mallinckrodt in a
transaction expected to be completed on or about that date. The
Covidien stub will remain in the S&P 500. Tellabs' market cap
is below $750 million and is no
longer representative of the mid cap market space.
- Tesco Corp. (NASD: TESO) will replace CH Energy Group Inc.
(NYSE: CHG) in the S&P SmallCap 600 after the close of trading
on Wednesday, June 26. Fortis Inc. is
acquiring CH Energy Group in a deal expected to be completed
soon.
News Corp. businesses include newspapers, information services
and integrated marketing services, digital real estate services,
book publishing, digital education and sports programming and
pay-tv distribution in Australia.
Headquartered in New York, NY, the
company will be added to the S&P 500 GICS (Global Industry
Classification Standard) Publishing Sub-Industry index.
Apollo Group provides online and on-campus educational programs.
Headquartered in Phoenix, AZ, the
company will be added to the S&P MidCap 400 GICS Education
Services Sub-Industry index.
Forest Oil engages in the acquisition, exploration, development,
and production of oil, natural gas, and natural gas liquids.
Headquartered in Denver, CO, the
company will be added to the S&P SmallCap 600 GICS Oil &
Gas Equipment & Services Sub-Industry index.
Mallinckrodt plc develops,
manufactures, markets, and distributes pharmaceutical products.
Headquartered in Dublin, Ireland,
the company will be added to the S&P MidCap 400 GICS
Pharmaceuticals Sub-Industry index.
Tesco engages in the design, manufacture, and service delivery
of technology based solutions for the upstream energy industry.
Headquartered in Houston, TX, the
company will be added to the S&P SmallCap 600 GICS Oil &
Gas Equipment & Services Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP
600 INDEX – June 26, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Tesco
|
Energy
|
Oil & Gas
Equipment & Services
|
DELETED
|
CH Energy
|
Utilities
|
Multi-Utilities
|
S&P 500 INDEX
– June 28, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
News Corp.
|
Consumer
Discretionary
|
Publishing
|
DELETED
|
Apollo
Group
|
Consumer
Discretionary
|
Education
Services
|
S&P MIDCAP 400
INDEX – June 28, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Apollo
Group
|
Consumer
Discretionary
|
Education
Services
|
|
Mallinckrodt
|
Health
Care
|
Pharmaceuticals
|
DELETED
|
Forest Oil
|
Energy
|
Oil & Gas
Exploration & Production
|
|
Tellabs
|
Information
Technology
|
Communications
Equipment
|
S&P SMALLCAP
600 INDEX – June 28, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Forest Oil
|
Energy
|
Oil & Gas
Exploration & Production
|
DELETED
|
Enzo
Biochem
|
Health
Care
|
Life Science Tools
& Services
|
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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SOURCE S&P Dow Jones Indices