S&P Dow Jones Indices will make the following changes in the S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, October 2:….
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- Six Flags Entertainment Corp. (NYSE: SIX) will replace PAREXEL International Corp. (NASD: PRXL) in the S&P MidCap 400. Pamplona Capital Management is acquiring PAREXEL in a deal expected to be completed soon pending final conditions.
- S&P SmallCap 600 constituent Sterling Bancorp (NYSE:STL) will replace Oil States International Inc. (NYSE:OIS) in the S&P MidCap 400, and KEMET Corp. (NYSE:KEM) will replace Astoria Financial Corp. (NYSE:AF) in the S&P SmallCap 600, and Oil States will replace Sterling Bancorp in the S&P SmallCap 600. Sterling Bancorp is acquiring Astoria in a deal expected to be completed soon pending final closing conditions. Post merger, Sterling Bancorp will be more representative of the mid-cap market space. Oil States is more representative of the small-cap market space.
Six Flags owns and operates regional theme and water parks. Headquartered in Grand Prairie, TX, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Leisure Facilities Sub-Industry index.
KEMET manufactures and sells passive electronic components. Headquartered in Simpsonvile, SC, the company will be added to the S&P SmallCap 600 Electronic Manufacturing Services GICS SubIndustry index.
Sterling Bancorp provides various banking services to commercial, consumer, and municipal clients. Headquartered in Montebello, NY, the company will be added to the S&P MidCap 400 Regional Banks GICS Sub-Industry index.
Oil States provides specialty products and services to oil and natural gas companies. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 Oil & Gas Equipment & Services GICS Sub-Industry index.
Following is a summary of the changes:
Source: ETFWorld.com
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