Cadence Design Systems Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

NEW YORK, Sept. 8, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 & S&P SmallCap 600 indices:

• S&P MidCap 400 constituent Cadence Design Systems Inc. (NASD: CDNS) will replace Staples Inc. (NASD: SPLS) in the S&P 500, S&P SmallCap 600 constituent ILG Inc. (NASD: ILG) will replace Cadence Design Systems in the S&P MidCap 400, and Meta Financial Group Inc. (NASD: CASH) will replace ILG in the S&P SmallCap 600 effective prior to the open on Monday, September 18. Sycamore Partners is acquiring Staples in a deal expected to be completed soon pending final conditions.
     
• S&P SmallCap 600 constituent The Brink's Co. (NYSE: BCO) will replace VCA Inc. (NASD: WOOF) in the S&P MidCap 400, and ARMOUR Residential REIT Inc. (NYSE: ARR) will replace Brink's in the S&P SmallCap 600 effective prior to the open on Monday, September 18. Mars Inc. is acquiring VCA in a deal expected to be completed soon.
    
• Callon Petroleum Company Inc. (NYSE: CPE) will replace WebMD Health Corp. (NASD: WBMD) in the S&P MidCap 400 effective prior to the open on Monday, September 18. KKR Inc. is acquiring WebMD Health in a deal expected to be completed soon pending final conditions.
    
• Whitestone REIT (NYSE: WSR) will replace CDI Corp. (NYSE: CDI) in the S&P SmallCap 600 effective prior to the open on Wednesday, September 13. AE Industrial Partners LLC is acquiring CDI in a deal expected to be completed on or about that date pending final conditions.

Cadence Design Systems provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis. Headquartered in San Jose, CA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Application Software Sub-Industry index.

ILG provides professional vacation services. Headquartered in Miami, FL, the company will be added to the S&P MidCap 400 GICS Hotels, Resorts & Cruise Lines Sub-Industry index.

Meta Financial Group offers various banking products and services. Headquartered in Sioux Falls, SD, the company will be added to the S&P SmallCap 600 GICS Thrifts & Mortgage Finance Sub-Industry index.

The Brink's Company provides secure transportation, cash management services, and other security-related services. Headquartered in Richmond, VA, the company will be added to the S&P MidCap 400 GICS Security & Alarm Services Sub-Industry index.

ARMOUR Residential REIT invests in residential mortgage backed securities. Headquartered in Vero Beach, FL, the company will be added to the S&P SmallCap 600 GICS Mortgage REITs Sub-Industry index.

Callon Petroleum acquires, explores for, develops, and produces oil and natural gas properties. Headquartered in Natchez, MS, the company will be added to the S&P MidCap 400 GICS Oil & Gas Exploration & Production Sub-Industry index.

Whitestone REIT is an equity real estate investment trust that owns and operates commercial properties. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Retail REITs Sub-Industry index.

Following is a summary of the changes:

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SOURCE S&P Dow Jones Indices