Garmin Set to Join the S&P 500; R.R. Donnelly & Sons to Join S&P MidCap 400

NEW YORK, Dec. 5, 2012 /PRNewswire/ -- S&P 500 constituent R.R. Donnelley & Sons Co. (NASD: RRD) will replace Medicis Pharmaceutical Corp. (NYSE: MRX) in the S&P MidCap 400, and Garmin Ltd. (NASD: GRMN) will replace R.R. Donnelley in the S&P 500 after the close of trading on Tuesday, December 11. Valeant Pharmaceuticals International Inc. (NYSE: VRX) is acquiring Medicis in a deal expected to be completed on or about that date pending final approvals. R.R. Donnelley's market cap is more representative of the mid-cap market space.

Garmin designs, develops, manufactures, and markets global positioning system enabled products and other navigation, communication, and information products. Headquartered in Switzerland, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Consumer Electronics Sub-Industry index.

R.R. Donnelley & Sons provides integrated communication solutions to private and public sectors. Headquartered in Chicago, IL, the company will be added to the S&P MidCap 400 GICS Commercial Printing Sub-Industry index.

Following is a summary of the change:

S&P 500 INDEX – December 11, 2012


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Garmin Ltd.

Consumer Discretionary

Consumer Electronics

DELETED

R.R. Donnelley & Sons

Industrials

Commercial Printing

 

S&P MIDCAP 400 INDEX – December 11, 2012


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

R.R. Donnelly & Sons

Industrials

Commercial Printing

DELETED

Medicis Pharmaceutical

Health Care

Pharmaceuticals

 

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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SOURCE S&P Dow Jones Indices LLC



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