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 June 24, 2015 - 7:28 AM EDT
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Columbia Pipeline to Join the S&P 500; Other Changes to S&P MidCap 400 & S&P SmallCap 600

NEW YORK, June 24, 2015 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:

  • Columbia Pipeline Group Inc. (NYSE: CPGXwi) will replace Allegheny Technologies Inc. (NYSE: ATI) in the S&P 500, Allegheny Technologies will replace Unit Corp. (NYSE: UNT) in the S&P MidCap 400, and Unit Corp. will replace PetroQuest Energy Inc. (NYSE: PQ) in the S&P SmallCap 600 after the close of trading on Wednesday, July 1. S&P 500 constituent NiSource Inc. (NYSE: NI) is spinning off Columbia Pipeline Group in a transaction expected to be completed on that date. NiSource will remain in the S&P 500 following the distribution. Allegheny Technologies, Unit and PetroQuest are all ranked near or at the bottom of their current indices.
  • S&P SmallCap 600 constituent Casey's General Stores Inc. (NASD: CASY) will replace AOL Inc. (NYSE: AOL) in the S&P MidCap 400, and Nektar Therapeutics (NASD: NKTR) will replace Casey's General Stores in the S&P SmallCap 600 after the close of trading on Thursday, June 25. S&P 100 & 500 constituent Verizon Corp. (NYSE: VZ) acquired AOL in a transaction completed today.
  • TopBuild Corp. (NYSE: BLDwi) will replace Aéropostale Inc. (NYSE: ARO) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent Masco Inc. (NYSE: MAS) is spinning off TopBuild in a transaction expected to be completed on that date. Masco will remain in the S&P 500 following the distribution. Aéropostale is ranked near the bottom of the S&P SmallCap 600.
  • "New" Gannett Co. Inc. (NYSE: GCIwi) will replace Quiksilver Inc. (NYSE: ZQK) in the S&P SmallCap 600 after the close of trading on Friday, June 26. S&P 500 constituent Gannett Co. Inc. (NYSE: GCI) is spinning off "new" Gannett Co. in a transaction expected to be completed on that date. Post spin, the parent company will change its name to TEGNA Inc. and trade under the symbol "TGNA". It will remain in the S&P 500 following the distribution. Quiksilver is ranked near the bottom of the S&P SmallCap 600.
  • Cable ONE Inc. (NYSE: CABOwi) will replace Peabody Energy Corp. (NYSE: BTU) in the S&P MidCap 400 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Graham Holdings Company (NYSE: GHC) is spinning off CableOne in a transaction expected to be completed on that date. Graham Holdings will remain in the S&P MidCap 400 following the distribution. Peabody Energy is ranked near the bottom of the S&P MidCap 400.
  • The Chemours Co. (NYSE: CCwi) will replace Semtech Corp. (NASD: SMTC) in the S&P MidCap 400, and Semtech will replace Paragon Offshore plc (NYSE: PGN) in the S&P SmallCap 600 after the close of trading on Tuesday June 30. S&P 100 & 500 constituent E. I. du Pont de Nemours and Co. (NYSE: DD) is spinning off Chemours in a transaction expected to be completed on that date. Dupont will remain in the S&P 100 & 500 following the distribution. Semtech and Paragon Offshore are ranked near or at the bottom of their current indices.
  • "New " Energizer Holdings Inc. (NYSE: ENRwi) will replace Harsco Corp. (NYSE: HSC) in the S&P MidCap 400, and Harsco will replace FXCM Inc. (NYSE: FXCM) in the SmallCap 600 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Energizer Inc. (NYSE: ENR) is spinning off "new" Energizer in a transaction expected to be completed on that date. Post spin, the parent company will change its name to Edgewell Personal Care Co. and trade under the symbol "EPC". It will remain in the S&P MidCap 400 following the distribution. Harsco and FXCM are ranked near or at the bottom of their current indices.

Columbia Pipeline Group owns, operates, and develops a portfolio of pipelines, storage, and related midstream assets. Headquartered in Houston, TX, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Oil & Gas Storage & Transportation Sub-Industry index.

Allegheny Technologies produces and sells specialty materials and components worldwide. Headquartered in Pittsburgh, PA, the company will be added to the S&P MidCap 400 GICS Steel Sub-Industry index.

Unit operates as an oil and natural gas contract drilling company. Headquartered in Tulsa, OK , the company will be added to the S&P SmallCap 600 GICS Oil & Gas Drilling Sub-Industry index.

Casey's General Stores operates convenience stores. Headquartered in Ankeny, IA, the company will be added to the S&P MidCap 400 Food Retail Sub-Industry index.

Nektar Therapeutics is a biopharmaceutical company. Headquartered in San Francisco, CA, the company will be added to the S&P SmallCap 600 Pharmaceuticals Sub-Industry index.

TopBuild installs insulation and other building products. Headquartered in Daytona Beach, FL, the company will be added to the S&P SmallCap 600 Homebuilding Sub-Industry index.

"New" Gannett is a multi-platform news and information company. Headquartered in McLean, VA, the company will be added to the S&P SmallCap 600 Publishing Sub-Industry index.

Cable ONE provides high-speed Internet, cable television, and telephony services. Headquartered in Phoenix, AZ, the company will be added to the S&P MidCap 400 Cable & Satellite Sub-Industry index.

The Chemours Company provides performance chemicals. Headquartered in Wilmington, DE, the company will be added to the S&P MidCap 400 GICS Diversified Chemicals Sub-Industry index.

Semtech designs, develops, manufactures, and markets analog and mixed-signal semiconductor products. Headquartered in Camarillo, CA, the company will be added to the S&P SmallCap 600 Semiconductors Sub-Industry index.

New Energizer Holdings focuses on the manufacture, market, and licensing of household products. Headquartered in St. Louis, MO, the company will be added to the S&P MidCap 400 Household Products Sub-Industry index.

Harsco provides industrial services and engineered products. Headquartered in Camp Hill, PA, the company will be added to the S&P SmallCap 600 Industrial Machinery Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – June 25, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Casey's General
Stores

Consumer Staples

Food Retail

DELETED

AOL

Information Technology

Internet Software &
Services

 

S&P SMALLCAP 600 INDEX – June 25, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Nektar
Therapeutics

Health Care

Pharmaceuticals

DELETED

Casey's General
Stores

Consumer Staples

Food Retail

 

S&P SMALLCAP 600 INDEX – June 26, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

New Gannett

Consumer Discretionary

Publishing

DELETED

Quiksilver

Consumer Discretionary

Apparel, Accessories &
Luxury Goods

 

S&P MidCap 400 INDEX – June 30, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Chemours

Materials

Diversified Chemicals


Cable ONE

Consumer Discretionary

Cable & Satellite


"New" Energizer

Consumer Staples

Household Products

DELETED

Semtech

Information Technology

Semiconductors


Peabody Energy

Energy

Coal & Consumable Fuels


Harsco

Industrials

Industrial Machinery

 

S&P SMALLCAP 600 INDEX – June 30, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

TopBuild

Consumer Discretionary

Homebuilding


Semtech

Information Technology

Semiconductors


Harsco

Industrials

Industrial Machinery

DELETED

Aeropostale

Consumer Discretionary

Apparel Retail


Paragon Offshore

Energy

Oil & Gas Drilling


FXCM

Financials

Investment Banking &
Brokerage

 

S&P 500 INDEX – July 1, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Columbia Pipeline
Group

Energy

Oil & Gas Storage &
Transportation

DELETED

Allegheny
Technologies

Materials

Steel

 

S&P MIDCAP 400 INDEX – July 1, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Allegheny
Technologies

Materials

Steel

DELETED

Unit

Energy

Oil & Gas Drilling

 

S&P SMALLCAP 600 INDEX – July 1, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Unit

Energy

Oil & Gas Drilling

DELETED

PetroQuest

Energy

Oil & Gas Exploration &
Production

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.

About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.  
S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").  These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

For more information:

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+) 212 438 3907
david.blitzer@spdji.com 

David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
dave.guarino@spdji.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/columbia-pipeline-to-join-the-sp-500-other-changes-to-sp-midcap-400--sp-smallcap-600-300104046.html

SOURCE S&P Dow Jones Indices


Source: PR Newswire (June 24, 2015 - 7:28 AM EDT)

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