Par Pacific Holdings and Photronics Set to Join S&P SmallCap 600

Donnerstag, 28.09.2017 18:01 von PR Newswire - Aufrufe: 216

PR Newswire

NEW YORK, Sept. 28, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes in the S&P SmallCap 600 effective prior to the open of trading on Friday, October 6:

  • Par Pacific Holdings Inc. (NYSE American: PARR) will replace Forestar Group Inc. (NYSE: FOR). D.R. Horton Inc. (NYSE: DHI) is acquiring 75% of the outstanding shares of Forestar in a deal expected to be completed soon pending final conditions. Post acquisition, Forestar's publicly available float will drop well below 50%, making it ineligible for continued inclusion the S&P SmallCap 600.
  • Photronics Inc. (NASD: PLAB) will replace Atwood Oceanics Inc. (NYSE: ATW). Ensco plc (NYSE: ESV) is acquiring Atwood Oceanics in a deal expected to be completed soon pending final closing conditions.

Par Pacific Holdings owns, manages and maintains interests in energy and infrastructure businesses.  Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Oil & Gas Refining & Marketing Sub-Industry index.

Photronics is a manufacturer of photomasks. Headquartered in Brookfield, CT, the company will be added to the S&P SmallCap 600 GICS Semiconductor Equipment Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX – OCTOBER 6, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Par Pacific

Energy

Oil & Gas Refining & Marketing


Photronics

Information Technology

Semiconductor Equipment

DELETED

Forestar

Real Estate

Real Estate Development


Atwood Oceanics

Energy

Oil & Gas Drilling

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

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

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:

S&P Dow Jones Indices
index_services@spglobal.com

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

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

Luke Shane
North America Communications
New York, USA
(+1) 212 438 8184
luke.shane@spglobal.com

Haw-Yan Man
EMEA Communications
London, UK
(+44) 207 176 3023
haw-yan.man@spglobal.com

Cecilia Ho
Asia Pacific Communications
Hong Kong, HK
(+852) 2532 8061
cecilia.ho@spglobal.com

View original content:http://www.prnewswire.com/news-releases/par-pacific-holdings-and-photronics-set-to-join-sp-smallcap-600-300528005.html

SOURCE S&P Dow Jones Indices

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