Snyder's-Lance Set to Join the S&P MidCap 400; Trex, AMAG Pharmaceuticals to Join S&P SmallCap 600

Feb 23, 2016, 18:06 ET from S&P Dow Jones Indices

NEW YORK, Feb. 23, 2016 /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 Snyder's-Lance Inc. (NASD: LNCE) will replace California Resources Corp. (NYSE: CRC) in the S&P MidCap 400, and Trex Co. (NYSE: TREX) will replace Snyder's-Lance in the S&P SmallCap 600 after the close of trading on Wednesday, February 24. California Resources has a low stock price, and its low market capitalization ranks it at the bottom of the S&P MidCap 400.
  • AMAG Pharmaceuticals Inc. (NASD: AMAG) will replace Diamond Foods Inc. (NASD: DMND) in the S&P SmallCap 600 after the close of trading on Monday, February 29. Newly added S&P MidCap 400 constituent Snyder's-Lance (NASD: LNCE) is acquiring Diamond Foods in a deal expected to be completed on or about that date pending final approvals.

Snyder's-Lance manufactures, distributes, markets, and sells snack food products. Headquartered in Charlotte, NC, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Packaged Foods & Meats Sub-Industry index.

Trex manufactures and distributes wood/plastic composite products, and related accessories. Headquartered in Winchester, VA, the company will be added to the S&P SmallCap 600 GICS Building Products Sub-Industry index.

AMAG Pharmaceuticals operates as a specialty pharmaceutical company. Headquartered in Waltham, MA, the company will be added to the S&P SmallCap 600 GICS Biotechnology Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – February 24, 2016

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Snyder's-Lance

Consumer Staples

Packages Foods & Meats

DELETED

California Resources

Energy

Oil & Gas Exploration & Production

 

S&P SMALLCAP 600 INDEX – February 24, 2016

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Trex

Industrials

Building Products

DELETED

Snyder's-Lance

Consumer Staples

Packaged Foods & Meats

 

S&P SMALLCAP 600 INDEX – February 29, 2016

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

AMAG Pharmaceuticals

Health Care

Biotechnology

DELETED

Diamond Foods

Consumer Staples

Packaged Foods & Meats

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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