Coty Set to Join the S&P 500; Diamond Offshore Drilling to Join S&P MidCap 400; Tile Shop to Join S&P SmallCap 600

Coty Set to Join the S&P 500; Diamond Offshore Drilling to Join S&P MidCap 400; Tile Shop to Join S&P SmallCap 600

PR Newswire

NEW YORK, Sept. 27, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective after the close of trading on Friday, September 30:

  • Coty Inc. (NYSE: COTY) will replace Diamond Offshore Drilling Inc. (NYSE: DO) in the S&P 500, and Diamond Offshore Drilling will replace Polycom Inc. (NASD: PLCM) in the S&P MidCap 400. Siris Capital Group acquired Polycom in a deal completed today. Diamond Offshore Drilling is ranked at the bottom of the S&P 500 and has a market capitalization more representative of the mid-cap market space.
                                           
  • Tile Shop Holdings Inc. (NASD: TTS) will replace Epiq Systems Inc. (NASD: EPIQ) in the S&P SmallCap 600. Omers Private Equity is acquiring Epiq in a deal expected to be completed soon pending final conditions.

Coty manufactures, markets, and distributes beauty products. Headquartered in New York, NY, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Personal Products Sub-Industry index.

Diamond Offshore Drilling provides contract drilling services to the energy industry. Headquartered in Houston, TX, the company will be added to the S&P MidCap 400 GICS Oil & Gas Drilling Sub-Industry index.

Tile Shop Holdings operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials. Headquartered in Plymouth, MN, the Company will be added to the S&P SmallCap 600 GICS Home Improvement Retail Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX – September 30, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Coty

Consumer Staples

Personal Products

DELETED

Diamond Offshore Drilling

Energy

Oil & Gas Drilling

 

S&P MIDCAP 400 INDEX – September 30, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Diamond Offshore Drilling

Energy

Oil & Gas Drilling

DELETED

Polycom

Information Technology

Communications Equipment

 

S&P SMALLCAP 600 INDEX – September 30, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Tile Shop Holdings

Consumer Discretionary

Home Improvement Retail

DELETED

Epiq Systems

Information Technology

Application Software

 

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

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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

 

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SOURCE S&P Dow Jones Indices

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