S&P Announces Changes to Indices: HME for BJ, FBHS for OSG in MidCap 400, RECN for HME, OSG for LCAV, MEAS for MDTH in SmallCap 600

S&P SmallCap 600 constituent Home Properties Inc. (NYSE: HME) will replace BJ’s Wholesale Club Inc. (NYSE: BJ) in the S&P MidCap 400, and Resources Connection Inc. (NASDAQ: RECN) will replace Home Properties in the S&P SmallCap 600 index after the close of trading on Friday, September 30. BJ’s Wholesale Club is being acquired by Leonard Green & Partners L.P. and CVC Capital Partners in a deal expected to be completed on or about that date pending final conditions.

Fortune Brands Home & Security Inc. (NYSE: FBHS) will replace Overseas Shipholding Group Inc. (NYSE: OSG) in the S&P MidCap 400 index, and Overseas Shipholding Group will replace LCA-Vision Inc. (NASDAQ: LCAV) in the S&P SmallCap 600 index after the close of trading on Monday, October 3. S&P 500 constituent Fortune Brands Inc. (NYSE: FO) is spinning off Fortune Brands Home & Security to shareholders in a transaction expected to be completed on or about that date pending final approvals. Fortune Brands, which is changing its name to Beam Inc. after the spin-off, will remain in the S&P 500 index. Overseas Shipholding Group’s current market capitalization makes it more representative of the small cap market space. LCA-Vision has the lowest market capitalization in the S&P SmallCap 600 index.

Measurement Specialties Inc. (NASDAQ: MEAS) will replace MedCath Corp. (NASDAQ: MDTH) in the S&P SmallCap 600 index after the close of trading on Monday, October 3. MedCath is completing the sale of substantially all of its remaining assets and has announced its intention to dissolve the company.

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