Globus Medical and UMB Financial Set to Join S&P MidCap 400; HomeStreet to Join S&P SmallCap 600

NEW YORK, Dec. 2, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 after the close of trading on Tuesday, December 6:

• Globus Medical Inc. (NYSE: GMED) will replace Talen Energy Corp. (NYSE: TLN) in the S&P MidCap 400. Riverstone Holdings LLC is acquiring Talen Energy in a deal expected to be completed on or about December 6 pending final conditions.
                                                
• S&P SmallCap 600 constituent UMB Financial Corp. (NASD: UMBF) will replace Ingram Micro Inc. (NYSE: IM) in the S&P MidCap 400, and HomeStreet Inc. (NASD: HMST) will replace UMB Financial in the S&P SmallCap 600. Tianjin Tianhai Investment Company Ltd is acquiring Ingram Micro in a transaction expected to be completed on December 5 pending final conditions.

Globus Medical is a medical device company that focuses on the design, development, and commercialization of musculoskeletal implants. Headquartered in Audubon, PA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.

UMB Financial provides various banking and other financial products and services. Headquartered in Kansas City, MO, the company will be added to the S&P MidCap 400 GICS Regional Banks Sub-Industry index.

HomeStreet provides various financial services. Headquartered in Seattle, WA, the Company will be added to the S&P SmallCap 600 GICS Thrifts & Mortgage Finance Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – December 6, 2016
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	Globus Medical	Health Care	Health Care Equipment
	UMB Financial	Financials	Regional Banks
DELETED	Talen Energy	Utilities	Independent Power Producers & Energy
	Ingram Micro	Technology	Technology Distributors

 

S&P SMALLCAP 600 INDEX – December 6, 2016
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	HomeStreet	Financials	Thrifts & Mortgage Finance
DELETED	UMB Financial	Financials	Regional Banks

 

For more information about S&P Dow Jones Indices, please visit www.spdji.com 

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S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA 
([phone] 
[e-mail]

Luke Shane 
Communications Manager 
New York, USA 
([phone] 
[e-mail]

 

 

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SOURCE S&P Dow Jones Indices

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