logo
  Join        Login             Stock Quote

S&P Indices Announces Changes to U.S. Indices

Thursday, May 10, 2012 6:05 PM


NEW YORK, May 10, 2012 /PRNewswire/ -- S&P Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:

  • S&P MidCap 400 constituent Lam Research Corp. (NASD: LRCX) will replace Novellus Systems, Inc. (NASD: NVLS) in the S&P 500 index and Royal Gold, Inc. (NASD: RGLD) will replace Lam Research in the S&P MidCap 400 index after the close of trading on a date to be announced. Lam Research is acquiring Novellus in a deal expected to be completed soon pending final approvals.
  • Tempur-Pedic International Inc. (NYSE: TPX) will replace Thomas & Betts Corp. (NYSE: TNB) in the S&P MidCap 400 index after the close of trading on Tuesday, May 15.  Thomas & Betts is being acquired by ABB Ltd. in a deal expected to be completed soon pending final approvals.
  • Globe Specialty Metals, Inc. (NASD: GSM) will replace Delphi Financial Group, Inc. (NYSE: DFG) in the S&P Small 600 index after the close of trading on Tuesday, May 15. Tokio Marine Holdings Inc. is acquiring Delphi Financial in a deal expected to be completed on or about that date pending final approvals.

Lam Research is a supplier of wafer fabrication equipment and services. Headquartered in Fremont, CA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Semiconductor Equipment Sub-Industry index.

Royal Gold engages in the acquisition and management of precious metal royalties. Headquartered in Denver, CO, the company will be added to the S&P MidCap 400 GICS Gold Sub-Industry index.

Tempur-Pedic International engages in the manufacture, marketing, and distribution of bedding products. Headquartered in Lexington, KY, the company will be added to the S&P MidCap 400 Home Furnishings Sub-Industry index.

Globe Specialty Metals produces silicon metal and silicon-based specialty alloys. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Diversified Metals & Mining Sub-Industry index.

Following is a summary of the changes:

S&P  MIDCAP 400  INDEX  – May 15, 2012


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Tempur-Pedic International

Consumer Discretionary

Home Furnishings

DELETED

Thomas & Betts

Industrials

Electrical Components & Equipment

S&P SMALLCAP 600  INDEX  –  May 15, 2012


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Globe Specialty Metals

Materials

Diversified Metals & Mining

DELETED

Delphi Financial Group

Financials

Life & Health Insurance

S&P 500  INDEX  – TBA


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Lam Research

Information Technology

Semiconductor Equipment

DELETED

Novellus

Information Technology

Semiconductor Equipment

S&P  MIDCAP 400  INDEX  – TBA


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Royal Gold

Materials

Gold

DELETED

Lam Research

Information Technology

Semiconductor Equipment

About S&P Indices

S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.45 trillion is directly indexed to our indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.

It is not possible to invest directly in an index. S&P Indices does not sponsor, endorse, sell, or promote any S&P index-based investment product. This document does not constitute an offer of services in jurisdictions where S&P Indices or its affiliates do not have the necessary licenses. S&P Indices receives compensation in connection with licensing its indices to third parties.

For more information:

Dave Guarino
Communications
S&P Indices
dave_guarino@standardandpoors.com
212-438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Indices
david_blitzer@standardandpoors.com
212-438-3908

SOURCE S&P Indices

(Source: PR Newswire )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.