NEW YORK, Aug. 25, 2020 /PRNewswire/ -- S&P Dow Jones
Indices will make the following changes to the S&P MidCap 400
and S&P SmallCap 600 effective prior to the opening of trading
on Tuesday, September 1:
- S&P SmallCap 600 constituent Lithia Motors Inc. (NYSE:LAD)
will replace LogMeIn Inc. (NASD:LOGM) in the S&P MidCap 400,
and BankUnited Inc. (NYSE:BKU) will replace Lithia Motors in the
S&P SmallCap 600. Francisco Partners and Elliott Management
Corp. are acquiring LogMeIn in a deal expected to be completed soon
pending final conditions.
- Trupanion Inc. (NASD:TRUP) will replace Ring Energy Inc. (NYSE
American:REI) in the S&P SmallCap 600. Ring Energy is no longer
representative of the small-cap market space.
Following is a summary of the changes that will take place prior
to the open of trading on the effective date:
|
Effective
Date
|
Index
Name
|
Action
|
Company
Name
|
Ticker
|
GICS
Sector
|
|
September 1,
2020
|
S&P MidCap
400
|
Addition
|
Lithia
Motors
|
LAD
|
Consumer
Discretionary
|
|
September 1,
2020
|
S&P MidCap
400
|
Deletion
|
LogMeIn
|
LOGM
|
Information
Technology
|
|
September 1,
2020
|
S&P SmallCap
600
|
Addition
|
BankUnited
|
BKU
|
Financials
|
|
September 1,
2020
|
S&P SmallCap
600
|
Deletion
|
Lithia
Motors
|
LAD
|
Consumer
Discretionary
|
|
September 1,
2020
|
S&P SmallCap
600
|
Addition
|
Trupanion
|
TRUP
|
Financials
|
|
September 1,
2020
|
S&P SmallCap
600
|
Deletion
|
Ring
Energy
|
REI
|
Energy
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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