PrivateBancorp Set to Join the S&P MidCap 400; Cogent Communications to Join S&P SmallCap 600

Feb 26, 2016, 08:50 ET from S&P Dow Jones Indices

NEW YORK, Feb. 26, 2016 /PRNewswire/ -- S&P SmallCap 600 constituent PrivateBancorp Inc. (NASD:PVTB) will replace Sirona Dental Systems Inc. (NASD:SIRO) in the S&P MidCap 400, and Cogent Communications Holdings Inc. (NASD:CCOI) will replace PrivateBancorp in the S&P SmallCap 600 after the close of trading on Monday, February 29. S&P 500 constituent Dentsply International Inc. (NASD:XRAY) is acquiring Sirona Dental Systems in a deal expected to be completed on or about that date pending final conditions.  Post merger, Dentsply International will change its name to Dentsply Sirona.

PrivateBancorp provides customized financial services. Headquartered in Chicago, IL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.

Cogent Communications Holdings provides high-speed Internet access and Internet protocol communications services. Headquartered in Washington, DC, the company will be added to the S&P SmallCap 600 GICS Alternative Carriers Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – February 29, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

PrivateBancorp

Financials

Regional Banks

DELETED

Sirona Dental Systems

Health Care

Health Care Equipment

 

S&P SMALLCAP 600 INDEX – February 29, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Cogent Communications

Telecommunication Services

Alternative Carriers

DELETED

PrivateBancorp

Financials

Regional Banks

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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