NEW YORK, July 19, 2017 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P 500
and S&P MidCap 400 indices effective prior to the open of
trading on Wednesday, July 26:
- MGM Resorts Int'l. (NYSE:MGM) will replace Reynolds American
Inc. (NYSE:RAI) in the S&P 500. British American Tobacco plc
(NYSE MKT:BTI) is acquiring Reynolds American in a deal expected to
be completed on July 25, pending
final conditions.
- S&P MidCap 400 constituents ResMed Inc. (NYSE:RMD),
Packaging Corporation of America (NYSE:PKG), A.O. Smith Corp.
(NYSE:AOS) and Duke Realty Corp. (NYSE:DRE) will replace
Mallinckrodt plc (NYSE:MNK), Murphy Oil
Corp. (NYSE:MUR), Bed Bath & Beyond Inc. (NASD:BBBY) and
Transocean Ltd. (NYSE:RIG) respectively, in the S&P 500.
Mallinckrodt, Murphy Oil, Bed Bath & Beyond and Transocean will
replace ResMed, Packaging Corporation of America, A.O. Smith and Duke Realty, respectively in the
S&P MidCap 400. All stocks moving to the S&P 500 have total
market capitalizations above $10
billion making them more representative of the large-cap
market space. All stocks moving to the S&P MidCap 400 have
total market capitalizations below $4.5
billion making them more representative of the mid-cap
market space.
MGM Resorts owns and operates casino resorts. Headquartered in
Las Vegas, NV, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Casinos & Gaming Sub-Industry index.
ResMed designs, manufactures, distributes, and markets medical
devices and cloud-based software applications. Headquartered in
San Diego, CA, the company will be
added to the S&P 500 GICS Health Care Equipment Sub-Industry
index.
Packaging Corporation of America manufactures and sells
containerboard and corrugated packaging products. Headquartered in
Lake Forest, IL, the company will
be added to the S&P 500 GICS Paper Packaging Sub-Industry
index.
A.O. Smith manufactures and
markets residential and commercial gas, gas tankless, electric
water heaters, and water treatment products. Headquartered in
Milwaukee, WI, the company will be
added to the S&P 500 GICS Building Products Sub-Industry
index.
Duke Realty, a real estate investment trust (REIT), specializes
in the ownership, management and development of industrial and
medical office properties. Headquartered in Indianapolis, IN, the company will be added to
the S&P 500 GICS Industrial REITs Sub-Industry index.
Mallinckrodt develops, manufactures,
markets and distributes specialty pharmaceutical products and
therapies. Headquartered in United
Kingdom, the company will be added to the S&P MidCap 400
GICS Pharmaceuticals Sub-Industry index.
Murphy Oil operates as an oil and gas exploration and production
company. Headquartered in El Dorado
AR, the company will be added to the S&P MidCap 400 GICS
Oil & Gas Exploration & Production Sub-Industry index.
Bed Bath & Beyond operates a chain of retail stores.
Headquartered in Union, NJ, the
company will be added to the S&P MidCap 400 GICS Homefurnishing
Retail Sub-Industry index.
Transocean provides offshore contract drilling services for oil
and gas wells. Headquartered in Switzerland, the company will be added to the
S&P MidCap 400 GICS Oil & Gas Drilling Sub-Industry
index.
Following is a summary of the changes:
S&P 500 INDEX
– July 26, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
MGM
Resorts
|
Consumer
Discretionary
|
Casinos &
Gaming
|
|
ResMed
|
Health
Care
|
Health Care
Equipment
|
|
Packaging Corporation
of America
|
Materials
|
Paper
Packaging
|
|
A.O. Smith
|
Industrials
|
Building
Products
|
|
Duke
Realty
|
Real
Estate
|
Industrial
REITs
|
DELETED
|
Reynolds
American
|
Consumer
Staples
|
Tobacco
|
|
Mallinckrodt
|
Health
Care
|
Pharmaceuticals
|
|
Murphy Oil
|
Energy
|
Oil & Gas
Exploration & Production
|
|
Bed Bath &
Beyond
|
Consumer
Discretionary
|
Homefurnishing
Retail
|
|
Transocean
|
Energy
|
Oil & Gas
Drilling
|
S&P MIDCAP 400
INDEX – July 26, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Mallinckrodt
|
Health
Care
|
Pharmaceuticals
|
|
Murphy Oil
|
Energy
|
Oil & Gas
Exploration & Production
|
|
Bed Bath &
Beyond
|
Consumer
Discretionary
|
Homefurnishing
Retail
|
|
Transocean
|
Energy
|
Oil & Gas
Drilling
|
DELETED
|
ResMed
|
Health
Care
|
Health Care
Equipment
|
|
Packaging Corporation
of America
|
Materials
|
Paper
Packaging
|
|
A.O. Smith
|
Industrials
|
Building
Products
|
|
Duke
Realty
|
Real
Estate
|
Industrial
REITs
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P
500® and the Dow Jones Industrial Average®.
More assets are invested in products based on our indices than
based on any other provider in the world. With over 1,000,000
indices and more than 120 years of experience constructing
innovative and transparent solutions, S&P Dow Jones Indices
defines the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit www.spdji.com.
FOR MORE INFORMATION:
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
View original
content:http://www.prnewswire.com/news-releases/mgm-resorts-resmed-packaging-corporation-of-america-ao-smith-and-duke-realty-set-to-join-sp-500-others-to-join-sp-midcap-400-300491137.html
SOURCE S&P Dow Jones Indices