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MarketScreener Homepage  >  Equities  >  Nyse  >  St Jude Medical Inc    STJ

ST JUDE MEDICAL INC

(STJ)
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St Jude Medical : IDEXX Laboratories Set to Join the S&P 500; Chemours to Join S&P MidCap 400; Shake Shack to Join S&P SmallCap 600

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01/03/2017 | 06:37pm EST

NEW YORK, Jan. 3, 2017 /PRNewswire/ -- S&P MidCap 400 constituent IDEXX Laboratories, Inc. (NASD: IDXX) will replace St. Jude Medical, Inc. (NYSE: STJ) in the S&P 500, S&P SmallCap 600 constituent The Chemours Company (NYSE: CC) will replace IDEXX in the S&P MidCap 400, and Shake Shack Inc. (NYSE: SHAK) will replace Chemours in the S&P SmallCap 600 after the close of trading on Wednesday, January 4. S&P 100 & 500 constituent Abbott Laboratories (NYSE: ABT) is acquiring St. Jude Medical in a deal expected to be completed on or about that date, pending final conditions.

IDEXX Laboratories, Inc. develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, water testing, and dairy markets. Headquartered in Westbrook, ME, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.

The Chemours Company is a chemical company that provides titanium technologies, fluoroproducts, and chemical solutions. Headquartered in Wilmington, DE, the company will be added to the S&P MidCap 400 GICS Diversified Chemicals Sub-Industry index.

Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants. Headquartered in New York, NY, the Company will be added to the S&P SmallCap 600 GICS Restaurants Sub-Industry index.

Following is a summary of the changes:

                 S&P 500 INDEX - January 4, 2017
                 -------------------------------

              COMPANY                 GICS ECONOMIC SECTOR   GICS SUB-INDUSTRY
              -------                 --------------------   -----------------

      ADDED    IDEXX                       Health Care     Health Care Equipment
      -----    -----                       -----------     ---------------------

     DELETED St. Jude                      Health Care     Health Care Equipment
     ------- --------                      -----------     ---------------------

             S&P MIDCAP 400 INDEX - January 4, 2017
             --------------------------------------

              COMPANY                 GICS ECONOMIC SECTOR   GICS SUB-INDUSTRY
              -------                 --------------------   -----------------

      ADDED  Chemours                       Materials      Diversified Chemicals
      -----  --------                       ---------      ---------------------

     DELETED   IDEXX                       Health Care     Health Care Equipment
     -------   -----                       -----------     ---------------------

                  S&P SMALLCAP 600 INDEX - January 4, 2017
                  ----------------------------------------

               COMPANY                    GICS ECONOMIC SECTOR    GICS SUB-INDUSTRY
               -------                    --------------------    -----------------

      ADDED  Shake Shack                 Consumer Discretionary      Restaurants
      -----  -----------                 ----------------------      -----------

     DELETED  Chemours                         Materials        Diversified Chemicals
     -------  --------                         ---------        ---------------------

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com

Luke Shane
Communications Manager
New York, USA
(+1) 212 438 8184
luke.shane@spglobal.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/idexx-laboratories-set-to-join-the-sp-500-chemours-to-join-sp-midcap-400-shake-shack-to-join-sp-smallcap-600-300385079.html

SOURCE S&P Dow Jones Indices


© PRNewswire 2017
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