IDEXX Laboratories Set to Join the S&P 500; Chemours to Join S&P MidCap 400; Shake Shack to Join S&P SmallCap 600
IDEXX Laboratories Set to Join the S&P 500; Chemours to Join S&P MidCap 400; Shake Shack to Join S&P SmallCap 600
PR Newswire
NEW YORK, Jan. 3, 2017
NEW YORK, Jan. 3, 2017 /PRNewswire/ -- S&P MidCap 400 constituent IDEXX Laboratories, Inc. (NASD: IDXX) will replace St. Jude Medical, Inc. (NYSE: STJ) in the S&P 500, S&P SmallCap 600 constituent The Chemours Company (NYSE: CC) will replace IDEXX in the S&P MidCap 400, and Shake Shack Inc. (NYSE: SHAK) will replace Chemours in the S&P SmallCap 600 after the close of trading on Wednesday, January 4. S&P 100 & 500 constituent Abbott Laboratories (NYSE: ABT) is acquiring St. Jude Medical in a deal expected to be completed on or about that date, pending final conditions.
IDEXX Laboratories, Inc. develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, water testing, and dairy markets. Headquartered in Westbrook, ME, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.
The Chemours Company is a chemical company that provides titanium technologies, fluoroproducts, and chemical solutions. Headquartered in Wilmington, DE, the company will be added to the S&P MidCap 400 GICS Diversified Chemicals Sub-Industry index.
Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants. Headquartered in New York, NY, the Company will be added to the S&P SmallCap 600 GICS Restaurants Sub-Industry index.
Following is a summary of the changes:
|
S&P 500 INDEX – January 4, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
IDEXX |
Health Care |
Health Care Equipment |
|
DELETED |
St. Jude |
Health Care |
Health Care Equipment |
|
S&P MIDCAP 400 INDEX – January 4, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Chemours |
Materials |
Diversified Chemicals |
|
DELETED |
IDEXX |
Health Care |
Health Care Equipment |
|
S&P SMALLCAP 600 INDEX – January 4, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Shake Shack |
Consumer Discretionary |
Restaurants |
|
DELETED |
Chemours |
Materials |
Diversified Chemicals |
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FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
[email protected]
Luke Shane
Communications Manager
New York, USA
(+1) 212 438 8184
[email protected]
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/idexx-laboratories-set-to-join-the-sp-500-chemours-to-join-sp-midcap-400-shake-shack-to-join-sp-smallcap-600-300385079.html
SOURCE S&P Dow Jones Indices
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