Extra Space Storage Set to Join the S&P MidCap 400; Dorman Products & Era Group to Join S&P SmallCap 600
Extra Space Storage Set to Join the S&P MidCap 400; Dorman Products & Era
Group to Join S&P SmallCap 600
PR Newswire
NEW YORK, Jan. 23, 2013
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:
o 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.
o 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 Financials Specialized REITs
Storage
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 Financials Specialized REITs
Storage
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.
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