2014

Salix Pharmaceuticals to Join S&P MidCap 400; Agree Realty and DXP Enterprises to Join S&P SmallCap 600

NEW YORK, July 23, 2013 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and SmallCap 600 indices after the close of trading on Tuesday, July 30:

  • S&P SmallCap 600 constituent Salix Pharmaceuticals Ltd. (NASD: SLXP) will replace Gardner Denver Inc. (NYSE: GDI) in the S&P MidCap 400, and Agree Realty Corp. (NYSE: ADC) will replace Salix Pharmaceuticals in the S&P SmallCap 600. Gardner Denver is being acquired by Kohlberg Kravis Roberts & Co. L.P. in a deal expected to be completed soon pending final conditions.
  • DXP Enterprises Inc. (NASD: DXPE) will replace True Religion Apparel Inc. (NASD: TRLG) in the S&P SmallCap 600. TowerBrook Capital Partners L.P. is acquiring True Religion Apparel in a transaction expected to be completed soon pending final approvals.

Salix Pharmaceuticals acquires, develops, and commercializes prescription drugs and medical devices used in the treatment of various gastrointestinal diseases.  Headquartered in Raleigh, NC, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Pharmaceuticals Sub-Industry index.

Agree Realty, a real estate investment trust (REIT), engages in the ownership, development, acquisition, and management of retail properties. Headquartered in Farmington Hills, MI, the company will be added to the S&P SmallCap 600 GICS Retail REITs Sub-Industry index.

DXP Enterprises is a products and service distributor. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Trading Companies & Distributors Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – July 30, 2013


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Salix Pharmaceuticals

Health Care

Pharmaceuticals

DELETED

Gardner Denver

Industrials

Industrial Machinery

 

S&P SMALLCAP 600 INDEX – July 30, 2013


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Agree Realty

Financials

Retail REITs


DXP Enterprises

Industrials

Trading Companies & Distributors

DELETED

Salix Pharmaceuticals

Health Care

Pharmaceuticals


True Religion

Consumer Discretionary

Apparel Accessories & Luxury Goods

 

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
(212) 438-3907

SOURCE S&P Dow Jones Indices



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