NEW YORK, May 3, 2018 /PRNewswire/ -- S&P SmallCap
600 constituent McDermott International Inc. (NYSE:MDR) will
replace Diebold Nixdorf Inc. (NYSE:DBD) in the S&P MidCap 400,
and Diebold Nixdorf will replace
McDermott International in the S&P SmallCap 600 effective prior
to the open of trading on Thursday, May
10. McDermott International is merging with Chicago
Bridge & Iron Company N.V. (NYSE:CBI) in a deal expected
to be completed on or about that date pending final
conditions. Post-merger, the combined company will have a
market capitalization more representative of the mid-cap market
space. Diebold Nixdorf is ranked at
the bottom of the S&P MidCap 400 and is no longer appropriate
for that index.
McDermott International provides engineering, procurement,
construction and installation, front-end engineering and design,
and module fabrication services for upstream field developments.
Headquartered in Houston, TX, the
company will be added to the S&P MidCap 400 Global Industry
Classification Sector (GICS) Oil & Gas Equipment & Services
Sub-Industry index.
Diebold Nixdorf provides
connected commerce solutions to financial institutions and
retailers. Headquartered in North Canton,
OH, the company will be added to the S&P SmallCap 600
GICS Technology Hardware, Storage & Peripherals Sub-Industry
index.
Following is a summary of the change:
|
S&P MIDCAP 400
INDEX – May 10, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
McDermott
International
|
Energy
|
Oil & Gas
Equipment &
Services
|
|
DELETED
|
Diebold
Nixdorf
|
Information
Technology
|
Technology
Hardware,
Storage & Peripherals
|
|
S&P SMALLCAP
600 INDEX – May 10, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Diebold
Nixdorf
|
Information
Technology
|
Technology
Hardware,
Storage & Peripherals
|
|
DELETED
|
McDermott
International
|
Energy
|
Oil & Gas
Equipment &
Services
|
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