PVH Set To Join S&P 500; Big Lots, CommVault & Primerica Set to Join S&P MidCap 400; Titan International to Join S&P SmallCap
PVH Set To Join S&P 500; Big Lots, CommVault & Primerica Set to Join S&P
MidCap 400; Titan International to Join S&P SmallCap 600
PR Newswire
NEW YORK, Feb. 7, 2013
NEW YORK, Feb. 7, 2013 /PRNewswire/ -- S&P Dow Jones Indices will make the
following changes to the S&P 500, S&P MidCap 400 and the S&P SmallCap 600
indices:
o S&P MidCap 400 constituent PVH Corp. (NYSE: PVH) will replace Big Lots
Inc. (NYSE: BIG) in the S&P 500, Big Lots will replace PVH in the S&P
MidCap 400, S&P SmallCap 600 constituent CommVault Systems Inc. (NASDAQ:
CVLT) will replace The Warnaco Group Inc. (NYSE: WRC) in the S&P MidCap
400, and Titan International Inc. (NYSE: TWI) will replace CommVault
Systems in the S&P SmallCap 600 after the close of trading on a date to be
announced. PVH is acquiring Warnaco Group in a deal expected to be
completed soon pending final approvals. Big Lots has a market
capitalization below $2 billion, making it more representative of the
mid-cap market space.
o Primerica Inc. (NYSE: PRI) will replace The Shaw Group Inc. (NYSE: SHAW)
in the S&P MidCap 400 after the close of trading on Tuesday, February 12.
Chicago Bridge & Iron Company N.V. (NYSE: CBI) is acquiring Shaw Group in
a transaction expected to be completed on or about that date pending final
approvals.
PVH is an apparel company. Headquartered in New York, NY, the company will be
added to the S&P 500 GICS (Global Industry Classification Standard) Apparel
Accessories & Luxury Goods Sub-Industry index.
Big Lots operates as a broadline closeout retailer. Headquartered in Columbus,
OH, the company will be added to the S&P MidCap 400 GICS General Merchandise
Stores Sub-Industry index.
CommVault Systems provides data and information management software
applications and related services. Headquartered in Oceanport, NJ, the company
will be added to the S&P SmallCap 600 GICS Systems Software Sub-Industry
index.
Titan International manufactures and sells wheels, tires, and assemblies for
off-highway vehicles. Headquartered in Quincy, IL, the company will be added
to the S&P SmallCap 600 GICS Construction & Farm Machinery & Heavy Trucks
Sub-Industry index.
Primerica distributes financial products to middle income households.
Headquartered in Duluth, GA, the company will be added to the S&P MidCap 400
GICS Life & Health Insurance Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – February 12, 2013
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Primerica Financials Life & Health Insurance
DELETED The Shaw Group Industrials Construction & Engineering
S&P 500 INDEX – TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED PVH Consumer Discretionary Apparel Accessories &
Luxury Goods
DELETED Big Lots Consumer Discretionary General Merchandise Stores
S&P MIDCAP 400 INDEX – TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Big Lots Consumer Discretionary General Merchandise Stores
CommVault Systems Information Technology Systems Software
DELETED PVH Consumer Apparel Accessories &
Discretionary Luxury Goods
Warnaco Consumer Discretionary Apparel Accessories &
Luxury Goods
S&P SMALLCAP 600 INDEX – TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Titan International Industrials Construction & Farm
Machinery & Heavy Trucks
DELETED CommVault Systems Information Technology Systems Software
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
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world's largest, global resource for index-based concepts, data and research.
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For more information:
Dave Guarino
Communications
S&P Dow Jones Indices
dave_guarino@spdji.com
(201) 755-5334
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david_blitzer@spdji.com
(917) 376-1204
SOURCE S&P Dow Jones Indices
Website: http://www.spdji.com
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