Sally Beauty (SBH), Versum Materials (VSM) to Join S&P MidCap 400; Others to Join S&P SmallCap 600

September 26, 2016 9:21 AM EDT

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After the close Friday, S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:

  • Sally Beauty Holdings Inc. (NYSE: SBH) will replace R.R. Donnelley & Sons Co. (NYSE: RRD) in the S&P MidCap 400 index, and R.R. Donnelley & Sons will replace Sizmek Inc. (NASDAQ: SZMK) in the S&P SmallCap 600 after the close of trading on Tuesday, September 27. Vector Capital is acquiring Sizmek in a deal expected to be completed on or about that date, pending final conditions. R.R. Donnelly & Sons is spinning off certain operations and assets later this month. Post spin-offs, the R.R. Donnelly & Sons stub will be more representative of the small-cap market space.
  • LSC Communications Inc. (NYSE: LKSD) and Donnelley Financial Solutions Inc. (NYSE: DFIN) will be added to the S&P SmallCap 600 after the close of trading on Friday, September 30 replacing Gulfmark Offshore Inc. (NYSE: GLF) and Bonanza Creek Energy Inc. (NYSE: BCEI) respectively, which will be removed from the S&P SmallCap 600 after the close of trading on Monday, October 3. Newly added S&P SmallCap 600 constituent R.R. Donnelley & Sons is spinning off LSC Communications and Donnelley Financial Solutions in transactions expected to be completed on Friday, September 30 pending final conditions. The R.R. Donnelley & Sons stub will remain in the S&P SmallCap 600 post spin-offs. Gulfmark Offshore and Bonanza Creek Energy are ranked near the bottom of the S&P SmallCap 600 and are no longer representative of the small-cap market space.
  • Versum Materials Inc. (NYSE: VSM) will replace Abercrombie & Fitch (NYSE: ANF) in the S&P MidCap 400, and Abercrombie & Fitch will replace Basic Energy Services Inc. (NYSE: BAS) in the S&P Small Cap 600 after the close of trading on Monday, October 3. S&P 500 constituent Air Products and Chemicals Inc. (NYSE: APD) is spinning off Versum Materials in a transaction expected to be completed on Friday, September 30 pending final conditions. Air Products and Chemicals will remain in the S&P 500 post spin-off. Basic Energy Services is ranked at the bottom of the S&P SmallCap 600 and is no longer representative of the small-cap market space.
  • AdvanSix Inc. (NYSE: ASIX) will replace Universal Technical Institute Inc. (NYSE: UTI) in the S&P SmallCap 600 after the close of trading on Monday, October 3. S&P 100 & 500 constituent Honeywell Inc. (NYSE: HON) is spinning off AdvanSix in a transaction expected to be completed on Friday, September 30 pending final conditions. Honeywell will remain in the S&P 100 & 500 post spin-off.


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