Martin Marietta Materials Set to Join the S&P 500; United States Steel Corp. Set to Join the S&P MidCap 400 and Depomed Inc. ...

NEW YORK, June 27, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Tuesday, July 1:

• S&P MidCap 400 constituent Martin Marietta Materials (NYSE: MLM) will replace United States Steel Corp. (NYSE: X) in the S&P 500, United States Steel replaces Martin Marietta Materials in the S&P MidCap 400 and Depomed Inc. (NASD: DEPO) replaces  Texas Industries (NYSE: TXI) in the S&P SmallCap 600. Texas Industries is getting acquired by Martin Marietta Materials in a deal expected to be completed soon pending final approvals. Martin Marietta Materials has a market capitalization that is more representative of the large cap market space and United States Steel has a market capitalization that is more appropriate for the mid-cap market space.

Martin Marietta Materials, together with its subsidiaries, produces and sells aggregates for the construction industry. Headquartered in Raleigh, NC, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Construction Materials Sub-Industry index.

United States Steel is a leading integrated steel producer. Headquartered in Pittsburgh, PA, the company will be added to the S&P MidCap 400 GICS Steel Sub-Industry index.

Depomed is a specialty pharmaceutical company that commercializes products for pain and neurology related disorders. Headquartered in Newark, CA, the company will be added to the S&P SmallCap 600 GICS Pharmaceuticals Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX – July 1, 2014
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	Martin Marietta Materials	Materials	Construction Materials
DELETED	United States Steel	Materials	Steel

 

S&P MIDCAP 400 INDEX – July 1, 2014
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	United States Steel	Materials	Steel
DELETED	Martin Marietta Materials	Materials	Construction Materials

 

S&P SMALLCAP 600 INDEX – July 1, 2014
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	Depomed	Health Care	Pharmaceuticals
DELETED	Texas Industries	Materials	Construction Materials

 

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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Dave Guarino
Communications
S&P Dow Jones Indices
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David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
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