NEW YORK, Oct. 30, 2013 /PRNewswire/ -- S&P
SmallCap 600 constituent A.O. Smith Corp. (NYSE: AOS) will replace
Saks Inc. (NYSE: SKS) in the S&P MidCap 400, and FutureFuel
Corp. (NYSE: FF) will replace A.O.
Smith in the S&P SmallCap 600 after the close of trading
on Monday, November 4. Hudson's Bay
Co. is acquiring Saks in a deal expected to be completed on or
about that date pending final conditions.
S&P Dow Jones Indices will delay the addition of Michael
Kors Holdings Limited (NYSE: KORS) to the S&P 500 from after
the close of trading on Friday, November
1 to a date to be announced. IntercontinentalExchange (NYSE:
ICE) and NYSE Euronext (NYSE: NYX) have postponed the closing date
of their previously announced merger transaction from November 4, 2013 to a later date to be announced
to allow additional time for relevant European regulators and
ministries to process and issue their approvals. NYSE
Euronext will remain in the S&P 500 until a new date is
announced.
A. O. Smith engages in the
manufacture and sale of water heaters and boilers to the
residential and commercial markets. Headquartered in Milwaukee, WI, the company will be added to
the S&P MidCap 400 GICS (Global Industry Classification
Standard) Building Products Sub-Industry index.
FutureFuel Corp. engages in the manufacture and sale of
diversified chemicals, biofuels, and biobased specialty chemicals.
Headquartered in Clayton, MO, the
company will be added to the S&P SmallCap 600 GICS Specialty
Chemicals Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – November 4, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
A.O. Smith
|
Industrials
|
Building
Products
|
DELETED
|
Saks
|
Consumer
Discretionary
|
Department
Stores
|
S&P SMALLCAP
600 INDEX – November 4, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
FutureFuel
|
Materials
|
Specialty
Chemicals
|
DELETED
|
A.O. Smith
|
Industrials
|
Building
Products
|
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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