Home Properties, Fortune Brands Home to Join S&P MidCap 400

Home Properties Inc. (HME) and Fortune Brands Home & Security Inc. will join the Standard & Poor’s MidCap 400 Index, S&P said in a statement today.

Home Properties will move to the midcap gauge from the S&P SmallCap 600 Index after the close of trading on Sept. 30 to replace BJ’s Wholesale Club Inc. (BJ), which is being bought by Leonard Green & Partners LP and CVC Capital Partners, S&P said. Resources Connection Inc. will join the small-cap index at that time as well.

Fortune Brands Home & Security will join the S&P MidCap 400 after the close of trading on Oct. 3, S&P said, replacing Overseas Shipholding Group Inc. (OSG), which will be added to the S&P SmallCap 600. Measurement Specialties Inc. (MEAS) will also be added to the small-cap gauge at that time, and LCA-Vision and MedCath will be deleted from it.

Fortune Brands, which is changing its name to Beam Inc. after spinning off Fortune Brands Home & Security, will remain in the S&P 500 Index, S&P said.

To contact the editor responsible for this story: Joanna Ossinger at jossinger@bloomberg.net