WESTERN REFINING, INC. NEW YORK, Nov. 20, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
-- Western Refining Inc. (NYSE: WNR) will replace Bally Technologies Inc.
(NYSE:BYI) in the S&P MidCap 400 after the close of trading on Monday,
November 24. S&P SmallCap 600 constituent Scientific Games Corp.
(NASD:SGMS) is acquiring Bally Technologies in a transaction expected to
be completed on November 21.
-- California Resources Corp. (NYSE:CRCwi) will replace Rayonier Advanced
Materials Inc. (NYSE:RYAM) in the S&P MidCap 400, and Rayonier Advanced
Materials will replace Symmetry Medical Inc. (NYSE:SMA) in the S&P
SmallCap 600 after the close of trading on Friday, November 28. S&P 100
& 500 constituent Occidental Petroleum Inc. (NYSE:OXY) is spinning off
California Resources in a transaction expected to be completed on that
date. Occidental Petroleum will remain in the S&P 100 & 500 following
the distribution. Rayonier Advanced Materials' market capitalization is
below $1.1 billion, making it more representative of the small cap
market space. Symmetry Medical is selling certain assets that will
result in the remaining company's market capitalization being too small
for continued inclusion in the SmallCap 600.
Western Refining operates as an independent crude oil refiner and marketer of refined products. Headquartered in El Paso, TX, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Oil & Gas Refining & Marketing Sub-Industry index.
California Resources provides oil and natural gas exploration and production services. Headquartered in Los Angeles, CA, the company will be added to the S&P MidCap 400 GICS Oil & Gas Exploration & Production Sub-Industry index.
Rayonier Advanced Materials is a producer of high-purity cellulose. Headquartered in Jacksonville, FL, the company will be added to the S&P SmallCap 600 GICS Specialty Chemicals Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX - November 24, 2014
----------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Western Refining Energy Oil & Gas Refining
&Marketing
----- ---------------- ------ -------------------
DELETED Bally Technologies Consumer Discretionary Casinos & Gaming
------- ------------------ ---------------------- ----------------
S&P MIDCAP 400 INDEX - November 28, 2014
----------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED California Resources Energy Oil & Gas Exploration &
Production
----- -------------------- ------ ------------------------
DELETED Rayonier Advanced Materials Materials Specialty Chemicals
------- --------------------------- --------- -------------------
S&P SMALLCAP 600 INDEX - November 28, 2014
------------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Rayonier Advanced Materials Materials Specialty Chemicals
----- --------------------------- --------- -------------------
DELETED Symmetry Medical Health Care Health Care Equipment
------- ---------------- ----------- ---------------------
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
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For more information:
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+) 212 438 3907
david.blitzer@spdji.com
David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
dave.guarino@spdji.com
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