Agilent spins off Keysight Friday.
Keysight Technologies and Halyard Health Set to Join the S&P MidCap 400; Universal and ADTRAN to Join the S&P SmallCap 600
S&P Dow Jones IndicesOctober 27, 2014 6:34 PM
NEW YORK, Oct. 27, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices effective after the close of trading on Friday, October 31:
Keysight Technologies Inc. (NYSE:KEYSwi) will replace Universal Corp. ( UVV) in the S&P MidCap 400, and Universal will replace Rubicon Technology Inc. ( RBCN) in the S&P SmallCap 600. S&P 500 constituent Agilent Technologies Inc. (NYSE:A) is spinning off Keysight Technologies in a transaction expected to be completed on that date. Agilent will remain in the S&P 500 following the distribution. Universal's market capitalization is approximately $1.0 billion, making it more representative of the small cap market space. Rubicon Technology is ranked at the bottom of the S&P SmallCap 600.Halyard Health Inc. (NYSE:HYHwi) will replace ADTRAN Inc. ( ADTN) in the S&P MidCap 400, and ADTRAN will replace Forest Oil Corp. ( FST) in the S&P SmallCap 600. S&P 500 constituent Kimberly-Clark Corp. ( KMB) is spinning off Halyard Health in a transaction expected to be completed on that date. Kimberly-Clark will remain in the S&P 500 following the distribution. ADTRAN's market capitalization is below $1.2 billion, making it more representative of the small cap market space. Forest Oil is ranked near the bottom of the S&P SmallCap 600.Keysight Technologies provides electronic measurement solutions. Headquartered in Santa Rosa, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Electronic Equipment & Instruments Sub-Industry index.
Universal operates as a leaf tobacco merchant and processor. Headquartered in Richmond, VA, the company will be added to the S&P SmallCap 600 GICS Tobacco Sub-Industry index.
Halyard Health sells surgical and anti-infection products for operating rooms. Headquartered in Alpharetta, GA, the company will be added to the S&P MidCap 400 GICS Health Care SuppliesSub-Industry index.
ADTRAN manufactures and sells networking and communications equipment. Headquartered in Huntsville, AL, the company will be added to the S&P SmallCap 600 GICS CommunicationsEquipment Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – October 31, 2014
|
| COMPANY
| GICS ECONOMIC SECTOR
| GICS SUB-INDUSTRY
| ADDED
| Keysight Technologies
| Information Technologies
| Electronic Equipment & Instruments
|
| Halyard Health
| Health Care
| Health Care Supplies
| DELETED
| Universal
| Consumer Staples
| Tobacco
|
| ADTRAN
| Information Technology
| Communications Equipment
|
S&P SMALLCAP 600 INDEX – October 31, 2014
|
| COMPANY
| GICS ECONOMIC SECTOR
| GICS SUB-INDUSTRY
| ADDED
| Universal
| Consumer Staples
| Tobacco
|
| ADTRAN
| Information Technology
| Communications Equipment
| DELETED
| Rubicon Technology
| Information Technology
| Semiconductor Equipment
|
| Forest Oil
| 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.
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