NEW YORK, Oct. 10, 2013 /PRNewswire/ – S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
S&P SmallCap 600 constituent Gulfport Energy Corp. (NASD:GPOR) will replace WMS Industries Inc. (NYSE: WMS) in the S&P MidCap 400, and Saia Inc. (NASD:SAIA) will replace Gulfport Energy in the S&P SmallCap 600 after the close of trading on Thursday, October 17. WMS is being acquired by S&P MidCap 400 constituent Scientific Games Corp. (NASD:SGMS) in a deal expected to be completed on or about that date pending final approvals. Gulfport Energy is the top ranked company in the S&P SmallCap 600 by market capitalization.
FXCM Corp. (NYSE: FXCM) will replace Kaydon Corp. (NYSE: KDN) in the S&P SmallCap 600 after the close of trading on Tuesday, October 15. AB SKF is acquiring Kaydon Corp. in a deal expected to be completed soon.
Gulfport Energy engages in the exploration, development, and production of oil and natural gas properties. Headquartered in Oklahoma City, OK, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Oil & Gas Exploration & Production Sub-Industry index.
Saia provides regional and interregional trucking and logistics services. Headquartered in Johns Creek, GA, the company will be added to the S&P SmallCap 600 GICS Trucking Sub-Industry index.
FXCM provides online foreign exchange trading and related services. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Investment Banking & Brokerage Sub-Industry index.
Following is a summary of the changes:
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.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world’s largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively “S&P Dow Jones Indices”) do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
For more information:
Dave Guarino
Communications
S&P Dow Jones Indices
dave.guarino@spdji.com
(212) 438-1471
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david.blitzer@ spdji.com
(212) 438-3907
SOURCE S&P Dow Jones Indices
RELATED LINKS
http://www.spdji.com