Albemarle and Fortive Set to Join the S&P 500; EMCOR to Join S&P MidCap 400; Inteliquent to Join S&P SmallCap 600

NEW YORK, June 23, 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:

• S&P MidCap 400 constituent Albemarle Corp. (NYSE: ALB) will replace TECO Energy Inc. (NYSE: TE) in the S&P 500, S&P SmallCap 600 constituent EMCOR Group Inc. (NYSE: EME) will replace Albemarle in the S&P MidCap 400, and Inteliquent Inc. (NASD: IQNT) will replace EMCOR Group in the S&P SmallCap 600 after the close of trading on Thursday, June 30. Emera Inc. (TSX: EMA) is acquiring TECO Energy in a deal expected to be completed on or about that date pending final conditions.
• Fortive Corp. (NYSE: FTV) will be added to the S&P 500 after the close of trading on Friday, July 1, replacing Columbia Pipeline Group Inc. (NYSE: CPGX), which will be removed from the S&P 500 after the close of trading on Tuesday, July 5. TransCanada Corp. (TSX: TRP) is acquiring Columbia Pipeline Group in a deal expected to be completed soon. Fortive will be added to the S&P 500 on a zero price basis reflecting its spin-off from S&P 100 & 500 constituent Danaher Corp. (NYSE: DHR). Post spin-off, Danaher will remain in the S&P 100 & 500.

Albemarle develops, manufactures, and markets engineered specialty chemicals. Headquartered in Baton Rouge, LA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialty Chemicals Sub-Industry index.

EMCOR Group provides electrical and mechanical construction and facilities services. Headquartered in Norwalk, CT, the company will be added to the S&P MidCap 400 GICS Construction & Engineering Sub-Industry index.

Inteliquent provides voice telecommunications services on a wholesale basis. Headquartered in Chicago, IL, the Company will be added to the S&P SmallCap 600 GICS Alternative Carriers Sub-Industry index.

Fortive owns and operates industrial units that manufacture testing and measurement equipment. Headquartered in Everett, WA, the Company will be added to the S&P 500 GICS Industrial Machinery Sub-Industry index.

Following is a summary of the changes:

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 based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines 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:

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
[email protected]

Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
[email protected]

SOURCE S&P Dow Jones Indices

Related Links

http://us.spindices.com