Extra Space Storage Set to Join the S&P MidCap 400; Dorman
Products & Era Group to Join S&P SmallCap 600
NEW YORK, Jan. 23, 2013 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P MidCap
400 and the S&P SmallCap 600 indices:
- S&P SmallCap 600 constituent Extra Space Storage Inc.
(NYSE: EXR) will replace Ralcorp Holdings Inc. (NYSE: RAH) in the
S&P MidCap 400, and Dorman Products Inc. (NASDAQ: DORM) will
replace Extra Space Storage in the S&P SmallCap 600 after the
close of trading on Tuesday, January
29. S&P 500 constituent ConAgra Foods Inc. (NYSE: CAG)
is acquiring Ralcorp in a deal expected to be completed on or
around that date, pending final approvals.
- Era Group Inc. (NYSE: ERAwi) will replace Neutral Tandem Inc.
(NYSE: IQNT) in the S&P SmallCap 600 after the close of trading
on Thursday, January 31. S&P
SmallCap 600 constituent SEACOR Holdings Inc. (NYSE: CKH) is
spinning off Era Group to shareholders in a transaction expected to
be completed on or about that date. Neutral Tandem has a market
capitalization below $100 million and
is no longer representative of the small cap market space.
Extra Space Storage is a real estate investment trust (REIT)
that owns, develops, acquires and operates self-storage properties.
Headquartered in Salt Lake City,
Utah, the company will be added to the S&P MidCap 400
GICS (Global Industry Classification Standard) Specialized REITs
Sub-Industry index.
Dorman Products supplies automotive replacement parts,
fasteners, and service line products. Headquartered in Colmar, PA, the company will be added to the
S&P SmallCap 600 GICS Auto Parts & Equipment Sub-Industry
index.
Era Group provides helicopter transportation services.
Headquartered in Houston, TX, the
company will be added to the S&P SmallCap 600 GICS Oil &
Gas Equipment & Services Sub-Industry index.
Following is a summary of the changes:
S&P
MIDCAP 400 INDEX – January 29, 2013
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Extra
Space Storage
|
Financials
|
Specialized REITs
|
DELETED
|
Ralcorp
|
Consumer
Staples
|
Packaged
Foods & Meats
|
|
S&P
SMALLCAP 600 INDEX – January 29, 2013
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Dorman
Products
|
Consumer
Discretionary
|
Auto Parts
& Equipment
|
DELETED
|
Extra
Space Storage
|
Financials
|
Specialized REITs
|
|
S&P
SMALLCAP 600 INDEX – January 31, 2013
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Era
Group
|
Energy
|
Oil &
Gas Equipment & Services
|
DELETED
|
Neutral
Tandem
|
Telecommunication Services
|
Alternative Carriers
|
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.
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