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Toro Set to Join the S&P MidCap 400; SPX, SPX FLOW and Core-Mark to Join the S&P SmallCap 600

NEW YORK, Sept. 21, 2015 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:

  • S&P MidCap 400 constituent SPX Corp. (NYSE: SPW) will replace DealerTrack Technologies Inc. (NASD: TRAK) in the S&P SmallCap 600, S&P SmallCap 600 constituent The Toro Co. (NYSE: TTC) will replace SPX in the S&P MidCap 400 and Core-Mark Holding Company Inc. (NASD: CORE) will replace Toro in the SmallCap 600 after the close of trading on Thursday, September 24. Cox Automotive is acquiring DealerTrack Technologies in a deal expected to be completed soon pending final approvals.
  • SPX FLOW Inc. (NYSE: FLOWwi) will replace Christopher & Banks Corp. (NYSE: CBK) in the S&P SmallCap 600 after the close of trading on Friday, September 25. New S&P SmallCap 600 constituent SPX Corp. (NYSE: SPW) is spinning off SPX FLOW to shareholders in a deal expected to be completed on or about that date. Christopher & Banks is ranked near the bottom of the S&P SmallCap 600 and is no longer appropriate for that index.

SPX provides specialized engineered solutions.  Headquartered in Charlotte, NC, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Industrial Machinery Sub-Industry index.

The Toro Company designs, manufactures, and markets professional turf maintenance equipment and services. Headquartered in Bloomington, MN, the company will be added to the S&P MidCap 400 Agricultural & Farm Machinery Sub-Industry index.

Core-Mark Holding markets fresh and broad-line supply solutions to the convenience retail industry. Headquartered in South San Francisco, CA, the company will be added to the S&P SmallCap 600 GICS Distributors Sub-Industry index.

SPX FLOW provides engineered technologies and services. Headquartered in Charlotte, NC, the company will be added to the S&P SmallCap 600 GICS Industrial Machinery Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – September 24, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Toro

Industrials

Agricultural & Farm Machinery

DELETED

SPX

Industrials

Industrial Machinery

   

S&P SMALLCAP 600 – September 24, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

SPX

Industrials

Industrial Machinery


Core-Mark Holding

Consumer Discretionary

Distributors

DELETED

Toro

Industrials

Agricultural & Farm Machinery


DealerTrack

Information Technology

Internet Software & Services

   

S&P SMALLCAP 600 INDEX – September 25, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

SPX FLOW

Industrials

Industrial Machinery

DELETED

Christopher & Banks

Consumer Discretionary

Apparel Retail

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.

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 LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

S&P DJI MEDIA CONTACTS:

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

David R. Guarino
Head of Communications
New York, USA
(+1) 212 438 1471
dave.guarino@spdji.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/toro-set-to-join-the-sp-midcap-400-spx-spx-flow-and-core-mark-to-join-the-sp-smallcap-600-300146558.html

SOURCE S&P Dow Jones Indices

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