NEW YORK, May 10, 2012 /PRNewswire/ -- S&P Indices will
make the following changes to the S&P 500, S&P MidCap 400
and S&P SmallCap 600 indices:
- S&P MidCap 400 constituent Lam Research Corp. (NASD: LRCX)
will replace Novellus Systems, Inc. (NASD: NVLS) in the S&P 500
index and Royal Gold, Inc. (NASD:
RGLD) will replace Lam Research in the S&P MidCap 400 index
after the close of trading on a date to be announced. Lam Research
is acquiring Novellus in a deal expected to be completed soon
pending final approvals.
- Tempur-Pedic International Inc. (NYSE: TPX) will replace Thomas
& Betts Corp. (NYSE: TNB) in the S&P MidCap 400 index after
the close of trading on Tuesday, May 15. Thomas & Betts
is being acquired by ABB Ltd. in a deal expected to be completed
soon pending final approvals.
- Globe Specialty Metals, Inc. (NASD: GSM) will replace Delphi
Financial Group, Inc. (NYSE: DFG) in the S&P Small 600 index
after the close of trading on Tuesday, May
15. Tokio Marine Holdings Inc. is acquiring Delphi Financial
in a deal expected to be completed on or about that date pending
final approvals.
Lam Research is a supplier of wafer fabrication equipment and
services. Headquartered in Fremont,
CA, the company will be added to the S&P 500 GICS
(Global Industry Classification Standard) Semiconductor Equipment
Sub-Industry index.
Royal Gold engages in the
acquisition and management of precious metal royalties.
Headquartered in Denver, CO, the
company will be added to the S&P MidCap 400 GICS Gold
Sub-Industry index.
Tempur-Pedic International engages in the manufacture,
marketing, and distribution of bedding products. Headquartered in
Lexington, KY, the company will be
added to the S&P MidCap 400 Home Furnishings Sub-Industry
index.
Globe Specialty Metals produces silicon metal and silicon-based
specialty alloys. Headquartered in New
York, NY, the company will be added to the S&P SmallCap
600 GICS Diversified Metals & Mining Sub-Industry index.
Following is a summary of the changes:
S&P
MIDCAP 400 INDEX – May 15, 2012
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Tempur-Pedic International
|
Consumer
Discretionary
|
Home
Furnishings
|
DELETED
|
Thomas
& Betts
|
Industrials
|
Electrical
Components & Equipment
|
S&P
SMALLCAP 600 INDEX – May 15, 2012
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Globe
Specialty Metals
|
Materials
|
Diversified Metals & Mining
|
DELETED
|
Delphi
Financial Group
|
Financials
|
Life &
Health Insurance
|
S&P
500 INDEX – TBA
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Lam
Research
|
Information Technology
|
Semiconductor Equipment
|
DELETED
|
Novellus
|
Information Technology
|
Semiconductor Equipment
|
S&P MIDCAP 400 INDEX –
TBA
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Royal
Gold
|
Materials
|
Gold
|
DELETED
|
Lam
Research
|
Information Technology
|
Semiconductor Equipment
|
About S&P Indices
S&P Indices, a leading brand of the McGraw-Hill
Companies (NYSE: MHP), maintains a wide variety of investable and
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For more information:
Dave Guarino
Communications
S&P Indices
dave_guarino@standardandpoors.com
212-438-1471
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Indices
david_blitzer@standardandpoors.com
212-438-3908
SOURCE S&P Indices