Citizens Financial Group Set to Join the S&P 500; ZELTIQ Aesthetics, RE/MAX to Join S&P SmallCap 600

Jan 26, 2016, 18:15 ET from S&P Dow Jones Indices

NEW YORK, Jan. 26, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500 and S&P SmallCap 600 indices:

  • Citizens Financial Group Inc. (NYSE: CFG) will replace Precision Castparts Corp. (NYSE: PCP) in the S&P 500 after the close of trading on Friday, January 29. S&P 100 & 500 constituent Berkshire Hathaway Inc. (NYSE: BRK.B) is acquiring Precision Castparts in a deal expected to be completed on or about that date pending final conditions.
  • ZELTIQ Aesthetics Inc. (NASD:ZLTQ) will replace MedAssets Inc. (NASD:MDAS) in the S&P SmallCap 600 after the close of trading on Friday, January 29. Private equity firm Pamplona Capital Management is acquiring MedAssets in a deal expected to be completed soon pending final conditions.
  • RE/MAX Holdings Inc. (NYSE: RMAX) will replace The Pep Boys—Manny, Moe & Jack (NYSE: PBY) in the S&P SmallCap 600 after the close of trading on Tuesday, February 2. Icahn Enterprises L.P. (NASD:IEP) is acquiring Pep Boys in a deal expected to be completed soon pending final conditions.

Citizens Financial Group provides retail and commercial banking products and services. Headquartered in Providence, RI, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.

ZELTIQ Aesthetics is a medical technology company. Headquartered in Pleasanton, CA, the company will be added to the S&P SmallCap 600 Health Care Equipment Sub-Industry index.

RE/MAX Holdings operates as a franchisor of residential and commercial real estate brokerage services. Headquartered in Denver, CO, the company will be added to the S&P SmallCap 600 GICS Real Estate Services Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX – January 29, 2016

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Citizens Financial Group

Financials

Regional Banks

DELETED

Precision Castparts

Industrials

Aerospace & Defense

 

S&P SMALLCAP 600 INDEX – January 29, 2016

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

ZELTIQ Aesthetics

Health Care

Health Care Equipment

DELETED

MedAssets

Health Care

Health Care Technology

 

S&P SMALLCAP 600 INDEX – February 2, 2016

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

RE/MAX Holdings

Financials

Real Estate Services

DELETED

Pep Boys

Consumer Discretionary

Automotive Retail

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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