PVH Set To Join S&P 500; Big Lots, CommVault & Primerica
Set to Join S&P MidCap 400; Titan International to Join S&P
SmallCap 600
NEW YORK, Feb. 7, 2013 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P 500,
S&P MidCap 400 and the S&P SmallCap 600 indices:
- S&P MidCap 400 constituent PVH Corp. (NYSE: PVH) will
replace Big Lots Inc. (NYSE: BIG) in the S&P 500, Big Lots will
replace PVH in the S&P MidCap 400, S&P SmallCap 600
constituent CommVault Systems Inc. (NASDAQ: CVLT) will replace The
Warnaco Group Inc. (NYSE: WRC) in the S&P MidCap 400, and Titan
International Inc. (NYSE: TWI) will replace CommVault Systems in
the S&P SmallCap 600 after the close of trading on a date to be
announced. PVH is acquiring Warnaco Group in a deal expected to be
completed soon pending final approvals. Big Lots has a market
capitalization below $2 billion,
making it more representative of the mid-cap market space.
- Primerica Inc. (NYSE: PRI) will replace The Shaw Group Inc.
(NYSE: SHAW) in the S&P MidCap 400 after the close of trading
on Tuesday, February 12. Chicago
Bridge & Iron Company N.V. (NYSE: CBI) is acquiring Shaw Group
in a transaction expected to be completed on or about that date
pending final approvals.
PVH is an apparel company. Headquartered in New York, NY, the company will be added to the
S&P 500 GICS (Global Industry Classification Standard) Apparel
Accessories & Luxury Goods Sub-Industry index.
Big Lots operates as a broadline closeout retailer.
Headquartered in Columbus, OH, the
company will be added to the S&P MidCap 400 GICS General
Merchandise Stores Sub-Industry index.
CommVault Systems provides data and information management
software applications and related services. Headquartered in
Oceanport, NJ, the company will be
added to the S&P SmallCap 600 GICS Systems Software
Sub-Industry index.
Titan International manufactures and sells wheels, tires, and
assemblies for off-highway vehicles. Headquartered in Quincy, IL, the company will be added to the
S&P SmallCap 600 GICS Construction & Farm Machinery &
Heavy Trucks Sub-Industry index.
Primerica distributes financial products to middle income
households. Headquartered in Duluth,
GA, the company will be added to the S&P MidCap 400 GICS
Life & Health Insurance Sub-Industry index.
Following is a summary of the changes:
S&P
MIDCAP 400 INDEX – February 12, 2013
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Primerica
|
Financials
|
Life &
Health Insurance
|
DELETED
|
The Shaw
Group
|
Industrials
|
Construction & Engineering
|
|
S&P
500 INDEX – TBA
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
PVH
|
Consumer
Discretionary
|
Apparel
Accessories & Luxury Goods
|
DELETED
|
Big
Lots
|
Consumer
Discretionary
|
General
Merchandise Stores
|
|
S&P
MIDCAP 400 INDEX – TBA
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Big
Lots
|
Consumer
Discretionary
|
General
Merchandise Stores
|
|
CommVault
Systems
|
Information Technology
|
Systems
Software
|
DELETED
|
PVH
|
Consumer Discretionary
|
Apparel
Accessories & Luxury Goods
|
|
Warnaco
|
Consumer
Discretionary
|
Apparel
Accessories & Luxury Goods
|
|
S&P
SMALLCAP 600 INDEX – TBA
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Titan
International
|
Industrials
|
Construction & Farm Machinery & Heavy
Trucks
|
DELETED
|
CommVault
Systems
|
Information Technology
|
Systems
Software
|
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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