NEW YORK, March 28, 2017 /PRNewswire/ -- S&P
MidCap 400 constituent Computer Sciences Corp. (NYSE: CSC) will
replace Southwestern Energy Co. (NYSE: SWN) in the S&P 500, and
Southwestern Energy will replace Computer Sciences in the S&P
MidCap 400 effective prior to the open on Tuesday, April 4. S&P 500 constituent Hewlett
Packard Enterprise Co. (NYSE: HPE) will spin-off Everett Inc.,
which will be immediately acquired by Computer Sciences, in a
transaction expected to be completed prior to the open on
Monday, April 3, pending final
conditions. Hewlett Packard Enterprises will remain in the S&P
500 post spin-off. Post-merger, Computer Sciences will be more
representative of the large-cap market space.
Computer Sciences Corporation provides information technology
services and solutions. Headquartered in Tysons, VA, the company
will be added to the S&P 500 GICS (Global Industry
Classification Standard) IT Consulting & Other Services
Sub-Industry index.
Southwestern Energy Company engages in the exploration,
development, and production of natural gas and oil. Headquartered
in Spring, TX, the company will be
added to the S&P MidCap 400 GICS Oil & Gas Exploration
& Production Sub-Industry index.
Following is a summary of the changes:
|
S&P 500 INDEX
– April 4, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Computer
Sciences
|
Information
Technology
|
IT Consulting &
Other Services
|
|
DELETED
|
Southwestern
Energy
|
Energy
|
Oil & Gas
Exploration & Production
|
|
S&P 400 INDEX
– April 4, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Southwestern
Energy
|
Energy
|
Oil & Gas
Exploration & Production
|
|
DELETED
|
Computer
Sciences
|
Information
Technology
|
IT Consulting &
Other Services
|
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SOURCE S&P Dow Jones Indices