LendingTree Set to Join the S&P SmallCap 600

Jul 07, 2015, 17:55 ET from S&P Dow Jones Indices

NEW YORK, July 7, 2015 /PRNewswire/ -- LendingTree Inc. (NASD: TREE) will replace Meadowbrook Insurance Group Inc. (NYSE: MIG) in the S&P SmallCap 600 after the close of trading on Thursday, July 9. Fosun International Limited is acquiring Meadowbrook Insurance Group in a deal that closed today.

LendingTree operates an online loan marketplace for consumers. Headquartered in Charlotte, NC, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Thrifts & Mortgage Finance Sub-Industry index.

Following is a summary of the change:

S&P SMALLCAP 600 INDEX – July 9, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

LendingTree

Financials

Thrifts & Mortgage Finance

DELETED

Meadowbrook Insurance Group

Financials

Property & Casualty Insurance

 

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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