Mid-America Apartment Communities Set to Join the S&P MidCap 400; Monster Worldwide, Green Dot, Newpark Resources and Santarus to Join S&P SmallCap 600

NEW YORK, Sept. 25, 2013 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:

  • S&P SmallCap 600 constituent Mid-America Apartment Communities Inc. (NYSE: MAA) will replace Monster Worldwide Inc. (NYSE: MWW) in the S&P MidCap 400, Monster Worldwide will replace Mid-America Apartment Communities in the S&P SmallCap 600, and Green Dot Corp. (NYSE: GDOT) will replace Colonial Property Trust (NYSE: CLP) in the S&P SmallCap 600 after the close of trading on Tuesday, October 1. MidAmerica Apartment Communities is acquiring Colonial Property in a deal expected to be completed on or about that date pending final approvals. The combined company will have a market capitalization that is more representative of the mid-cap market space. Monster Worldwide has a market capitalization under $550 million, making it more appropriate for the S&P SmallCap 600 index.
  • Newpark Resources Inc. (NYSE: NR) will replace Arbitron Inc. (NYSE: ARB) in the S&P SmallCap 600 after the close of trading on Friday, September 27. S&P 500 constituent (NYSE: NLSN) Nielsen Holdings N.V. is acquiring Arbitron in a deal expected to be completed on September 30, pending final approvals.
  • Santarus Inc. (NASD:SNTS) will replace Volterra Semiconductor Corp. (NASD:VLTR) in the S&P SmallCap 600 after the close of trading on Tuesday, October 1. Maxim Integrated Products Inc. (NASD:MXIM) is acquiring Volterra in a deal expected to be completed soon, pending final conditions.

Mid-America Apartment Communities is a real estate investment Trust (REIT) that acquires, owns and operates apartment communities and multifamily homes. Headquartered in Memphis, TN, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Residential REITs Sub-Industry index.

Monster Worldwide provides online and mobile employment solutions. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Internet Software & Services Sub-Industry index.

Green Dot offers prepaid debit cards and cash loading and transfer services. Headquartered in Pasadena, CA, the company will be added to the S&P SmallCap 600 GICS Consumer Finance Sub-Industry index.

Newpark Resources provides various products and services primarily to the oil and gas exploration industry. Headquartered in The Woodlands, TX, the company will be added to the S&P SmallCap 600 GICS IT Oil & Gas Equipment & Services Sub-Industry index.

Santarus is a specialty biopharmaceutical company. Headquartered in San Diego, CA, the company will be added to the S&P SmallCap 600 GICS Pharmaceuticals Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX – September 27, 2013


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Newpark Resources

Energy

Oil & Gas Equipment & Services

DELETED

Arbitron

Consumer Discretionary

Advertising

 

S&P 400 INDEX – October 1, 2013


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Mid-America Apartment Communities

Financials

Residential REITs

DELETED

Monster Worldwide

Information Technology

Internet Software & Services

 

S&P SMALLCAP 600 INDEX – October 1, 2013


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Monster Worldwide

Information Technology

Internet Software & Services


Green Dot

Financials

Consumer Finance


Santarus

Health Care

Pharmaceuticals

DELETED

Mid-America Apartment Communities

Financials

Residential REITs


Colonial Properties

Financials

Residential REITs


Volterra Semiconductor

Information Technology

Semiconductors

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.

About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC

defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.  

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").  These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is

offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

For more information:

Dave Guarino
Communications
S&P Dow Jones Indices
dave.guarino@spdji.com
(212) 438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david.blitzer@spdji.com
(212) 438-3907

SOURCE S&P Dow Jones Indices



RELATED LINKS
http://www.spdji.com

More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.