Welcome!

@DXWorldExpo Authors: Zakia Bouachraoui, Liz McMillan, Pat Romanski, Elizabeth White, Carmen Gonzalez

News Feed Item

Extra Space Storage Set to Join the S&P MidCap 400; Dorman Products & Era Group to Join S&P SmallCap 600

NEW YORK, Jan. 23, 2013 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and the S&P SmallCap 600 indices:

  • S&P SmallCap 600 constituent Extra Space Storage Inc. (NYSE: EXR) will replace Ralcorp Holdings Inc. (NYSE: RAH) in the S&P MidCap 400, and Dorman Products Inc. (NASDAQ: DORM) will replace Extra Space Storage in the S&P SmallCap 600 after the close of trading on Tuesday, January 29. S&P 500 constituent ConAgra Foods Inc. (NYSE: CAG) is acquiring Ralcorp in a deal expected to be completed on or around that date, pending final approvals.
  • Era Group Inc. (NYSE: ERAwi) will replace Neutral Tandem Inc. (NYSE: IQNT) in the S&P SmallCap 600 after the close of trading on Thursday, January 31. S&P SmallCap 600 constituent SEACOR Holdings Inc. (NYSE: CKH) is spinning off Era Group to shareholders in a transaction expected to be completed on or about that date. Neutral Tandem has a market capitalization below $100 million and is no longer representative of the small cap market space.

Extra Space Storage is a real estate investment trust (REIT) that owns, develops, acquires and operates self-storage properties. Headquartered in Salt Lake City, Utah, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Specialized REITs Sub-Industry index.

Dorman Products supplies automotive replacement parts, fasteners, and service line products. Headquartered in Colmar, PA, the company will be added to the S&P SmallCap 600 GICS Auto Parts & Equipment Sub-Industry index.

Era Group provides helicopter transportation 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 – January 29, 2013


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Extra Space Storage

Financials

Specialized REITs

DELETED

Ralcorp

Consumer Staples

Packaged Foods & Meats


S&P SMALLCAP 600 INDEX – January 29, 2013


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Dorman Products

Consumer Discretionary

Auto Parts & Equipment

DELETED

Extra Space Storage

Financials

Specialized REITs


S&P SMALLCAP 600 INDEX – January 31, 2013


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Era Group

Energy

Oil & Gas Equipment & Services

DELETED

Neutral Tandem

Telecommunication Services

Alternative Carriers

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.

About S&P Dow Jones Indices

S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial AverageSM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, and their respective affiliates, parents, subsidiaries, directors, officers, shareholders, employees and agents (collectively "S&P Dow Jones Indices") does not sponsor, endorse, sell, or promote any investment fund or other vehicle that is offered by third parties and that seeks to provide an investment return based on the returns of any S&P Dow Jones Indices index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices or its affiliates do not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

STANDARD & POOR'S and S&P are registered trademarks of Standard & Poor's Financial Services LLC.  "Dow Jones" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones")

For more information:

Dave Guarino
Communications
S&P Dow Jones Indices
[email protected]
(201) 755-5334

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
d[email protected]
(917) 376-1204

SOURCE S&P Dow Jones Indices

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

DXWorldEXPO Digital Transformation Stories
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Druva is the global leader in Cloud Data Protection and Management, delivering the industry's first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence-dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's...
BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
DSR is a supplier of project management, consultancy services and IT solutions that increase effectiveness of a company's operations in the production sector. The company combines in-depth knowledge of international companies with expert knowledge utilising IT tools that support manufacturing and distribution processes. DSR ensures optimization and integration of internal processes which is necessary for companies to grow rapidly. The rapid growth is possible thanks, to specialized services an...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Cloud-Native thinking and Serverless Computing are now the norm in financial services, manufacturing, telco, healthcare, transportation, energy, media, entertainment, retail and other consumer industries, as well as the public sector. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that pro...