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Chemical Financial Set to Join S&P MidCap 400; Supervalu, Shoe Carnival and Eagle Pharmaceuticals to Join S&P SmallCap 600

Montag, 22.08.2016 23:55 von PR Newswire

PR Newswire

NEW YORK, Aug. 22, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:

  • Chemical Financial Corp. (NASD: CHFC) will replace Supervalu Inc. (NYSE: SVU) in the S&P MidCap 400, and Supervalu will replace Talmer Bancorp Inc. (NASD: TLMR) in the S&P SmallCap 600 after the close of trading on Wednesday, August 31. Chemical Financial is acquiring Talmer in a deal expected to be completed on or about that date pending final approvals. Supervalu has a market capitalization more representative of the small-cap market space.

  • Shoe Carnival Inc. (NASD: SCVL) will replace Sagent Pharmaceuticals Inc. (NASD: SGNT) in the S&P SmallCap 600 after the close of trading on Friday, August 26. Nichi-Iko Pharmaceutical Co. is acquiring Sagent in a deal expected to be completed soon pending final conditions.

  • Eagle Pharmaceuticals Inc. (NASD: EGRX) will replace Cash America International Inc. (NYSE: CSH) in the S&P SmallCap 600 after the close of trading on Thursday, September 1. S&P SmallCap 600 constituent First Cash Financial Services Inc. (NASD: FCFS) is acquiring Cash America in a deal expected to be completed on or about that date pending final approvals. Post merger, the combined company will be named FirstCash Inc.

Chemical Financial offers banking and fiduciary products and services. Headquartered in Midland, MI, the Company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.

Supervalu operates as a grocery wholesaler and retailer. Headquartered in Eden Prairie, MN, the Company will be added to the S&P SmallCap 600 GICS Food Retail Sub-Industry index.

Shoe Carnival operates as family footwear retailer. Headquartered in Evansville, IN, the company will be added to the S&P SmallCap 600 GICS Apparel Retail Sub-Industry index.

Eagle Pharmaceuticals focuses on developing and commercializing injectable products primarily in the critical care and oncology areas. Headquartered in Woodcliff Lake, NJ, the Company will be added to the S&P SmallCap 600 GICS Biotechnology Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX – AUGUST 26, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Shoe Carnival

Consumer Discretionary

Apparel Retail

DELETED

Sagent
Pharmaceuticals

Health Care

Pharmaceuticals

 

S&P MIDCAP 400 INDEX – AUGUST 31, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Chemical
Financial

Financials

Regional Banks

DELETED

SuperValu

Consumer Staples

Food Retail

 

S&P SMALLCAP 600 INDEX – AUGUST 31, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

SuperValu

Consumer Staples

Food Retail

DELETED

Talmer Bancorp

Financials

Regional Banks

 

S&P SMALLCAP 600 INDEX – SEPTEMBER 1, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Eagle
Pharmaceuticals

Health Care

Biotechnology

DELETED

Cash America

Financials

Consumer Finance

For more information about S&P Dow Jones Indices, please visit www.spdji.com.

ABOUT S&P DOW JONES INDICES
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S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com

Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chemical-financial-set-to-join-sp-midcap-400-supervalu-shoe-carnival-and-eagle-pharmaceuticals-to-join-sp-smallcap-600-300316659.html

SOURCE S&P Dow Jones Indices