NEW YORK, Jan. 11, 2016 /PRNewswire/ -- S&P
SmallCap 600 constituent Microsemi Corp. (NASD: MSCC) will replace
Atwood Oceanics Inc. (NYSE:ATW) in the S&P MidCap 400, and
Atwood Oceanics will replace Microsemi in the S&P SmallCap 600
after the close of trading on Friday,
January 15. Microsemi is acquiring PMC-Sierra Inc. (NASD:
PMCS) in a deal expected to be completed on or about that date
pending final conditions, and the combined company's market
capitalization will be more representative of the mid-cap market
space. Atwood Oceanics is ranked at the bottom of the S&P
MidCap 400 and has a market capitalization more representative of
the small-cap market space.
Microsemi designs, manufactures, and markets analog and
mixed-signal semiconductor solutions. Headquartered in Aliso Viejo, CA, the company will be added to
the S&P MidCap 400 GICS (Global Industry Classification
Standard) Semiconductors Sub-Industry index.
Atwood Oceanics is an offshore drilling contractor.
Headquartered in Houston,
TX, the company will be added to the S&P SmallCap 600
GICS Oil & Gas Drilling Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – January 15, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Microsemi
|
Information
Technology
|
Semiconductors
|
DELETED
|
Atwood
Oceanics
|
Energy
|
Oil & Gas
Drilling
|
S&P SMALLCAP
600 INDEX – January 15, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Atwood
Oceanics
|
Energy
|
Oil & Gas
Drilling
|
DELETED
|
Microsemi
|
Information
Technology
|
Semiconductors
|
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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