Genpact (G) Set to Join S&P MidCap 400; Unitil & Genworth Financial (UTL) to Join S&P SmallCap 600
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S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Monday, May 3:
• Genpact Limited (NYSE: G) will replace Genworth Financial Inc. (NYSE: GNW) in the S&P MidCap 400, and Genworth Financial will replace Glu Mobile Inc. (NASDAQ: GLUU) in the S&P SmallCap 600. S&P 500 constituent Electronic Arts Inc. (NASDAQ: EA) is acquiring Glu Mobile in a deal expected to be completed soon pending final conditions. Genworth Financial is more representative of the small-cap market space.
• Unitil Corp. (NYSE: UTL) will replace Waddell & Reed Financial Inc. (NYSE: WDR) in the S&P SmallCap 600. Macquarie Group is acquiring Waddell & Reed Financial in a deal expected to be completed soon pending final conditions.
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