NEW YORK, June 20, 2017 /PRNewswire/ -- S&P SmallCap
600 constituent Medidata Solutions Inc. (NASD: MDSO) will replace
PrivateBancorp Inc. (NASD: PVTB) in the S&P MidCap 400, and
McDermott International Inc. (NYSE: MDR) will replace Medidata
Solutions in the S&P SmallCap 600 effective prior to the open
on Monday, June 26. Canadian Imperial
Bank of Commerce is acquiring PrivateBancorp in a deal expected to
be completed on June 23.
Medidata Solutions provides cloud-based solutions. Headquartered
in New York, NY, the company will
be added to the S&P MidCap 400 GICS (Global Industry
Classification Standard) Health Care Technology Sub-Industry
index.
McDermott International provides engineering, procurement,
construction and installation, front-end engineering and design,
and module fabrication services. Headquartered in Houston, TX, the company will be added to the
S&P SmallCap 600 GICS Oil & Gas Equipment & Services
Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400
INDEX – June 26, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Medidata
Solutions
|
Health
Care
|
Health Care
Technology
|
|
DELETED
|
PrivateBancorp
|
Financials
|
Regional
Banks
|
|
S&P SMALLCAP
600 INDEX – June 26, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
McDermott
International
|
Energy
|
Oil & Gas
Equipment &
Services
|
|
DELETED
|
Medidata
Solutions
|
Health
Care
|
Health Care
Technology
|
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SOURCE S&P Dow Jones Indices