AbbVie Set to Join S&P 100 & 500; Federated Investors Set
to Join S&P MidCap 400; ITT Educational Services & Procera
Networks to Join S&P SmallCap 600
NEW YORK, Dec. 20, 2012 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P 100,
500, MidCap 400 and SmallCap 600 indices after the close of trading
on Monday, December 31:
- AbbVie Inc. (NYSE:ABBVwi) will replace Dell Inc. (NASD:DELL) in
the S&P 100, and Federated Investors Inc. (NYSE:FII) in the
S&P 500. Federated will replace ITT Educational Services Inc.
(NYSE:ESI) in the S&P MidCap 400, and ITT Educational Services
will replace NCI Inc. (NASD:NCIT) in the S&P SmallCap 600.
S&P 100 and 500 constituent Abbott Laboratories (NYSE:ABT) is
spinning off AbbVie in a transaction expected to be completed after
the close of trading on December 31.
The Abbott Laboratories stub will remain in the S&P 100 and
500. Dell has a market capitalization below $18.5 billion and is no longer representative of
the mega-cap market space. Federated Investors' market
capitalization is below $2.2 billion,
making it more representative of the mid-cap market space, and ITT
Educational Services' market capitalization is below $450 million making it more representative of the
small-cap market space. NCI Corp.is ranked #600 in the S&P
SmallCap 600.
- Procera Networks, Inc. (NASD:PKT) will replace Presidential
Life Corp. (NASD:PLFE) in the S&P SmallCap 600. Athene Holding
Ltd. is acquiring Presidential Life in a deal expected to be
completed soon pending final approvals.
AbbVie engages in the discovery, development, manufacture, and
sale of pharmaceuticals and biologics. Headquartered in
North Chicago, IL, the company
will be added to the S&P 500 GICS (Global Industry
Classification Standard) Pharmaceuticals Sub-Industry index.
Federated Investors is an asset management company.
Headquartered in Pittsburgh, PA,
the company will be added to the S&P MidCap 400 GICS Asset
Management & Custody Banks Sub-Industry index.
ITT Educational Services provides postsecondary degree programs.
Headquartered in Carmel, IN, the
company will be added to the S&P SmallCap 600 GICS Education
Services Sub-Industry index.
Procera Networks provides intelligent policy enforcement
solutions that enable mobile and broadband network operators and
entities to manage private networks. Headquartered in Fremont, CA, the company will be added to the
S&P SmallCap 600 GICS Communications Equipment Sub-Industry
index.
Following is a summary of the changes:
S&P
100 INDEX – December 31, 2012
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
AbbVie
|
Health
Care
|
Pharmaceuticals
|
DELETED
|
Dell
|
Information Technology
|
Computer
Hardware
|
S&P
500 INDEX – December 31, 2012
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
AbbVie
|
Health
Care
|
Pharmaceuticals
|
DELETED
|
Federated
Investors
|
Financials
|
Asset
Management & Custody Banks
|
S&P
MIDCAP 400 INDEX – December 31, 2012
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Federated
Investors
|
Financials
|
Asset
Management & Custody Banks
|
DELETED
|
ITT
Educational Services
|
Consumer
Discretionary
|
Education
Services
|
S&P
SMALLCAP 600 INDEX – December 31, 2012
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
ITT
Educational Services
|
Consumer
Discretionary
|
Education
Services
|
|
Procera
Networks
|
Information Technology
|
Communications Equipment
|
DELETED
|
NCI
|
Information Technology
|
IT
Consulting & Other Services
|
|
Presidential Life
|
Financials
|
Life &
Health Insurance
|
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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