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MB Financial to Join S&P MidCap 400; BioTelemetry and Raven Industries to Join S&P SmallCap 600

NEW YORK, July 25, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Friday, July 29:

  • S&P SmallCap 600 constituent MB Financial Inc. (NASD: MBFI) will replace First Niagara Financial Group Inc. (NASD: FNFG) in the S&P MidCap 400, BioTelemetry Inc. (NASD: BEAT) will replace MB Financial in the S&P SmallCap 600. S&P 500 constituent KeyCorp (NYSE: KEY) is acquiring First Niagara Financial Group in a deal expected to be completed soon pending final conditions.
  • Raven Industries Inc. (NASD: RAVN) will replace Wilshire Bancorp Inc. (NASD: WIBC) in the S&P SmallCap 600. S&P SmallCap 600 constituent BBCN Bancorp Inc. (NASD: BBCN) is acquiring Wilshire Bancorp in a deal expected to be completed soon pending final conditions.

MB Financial provides financial services to small and middle market businesses, and individuals. Headquartered in Chicago, IL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.

BioTelemetry provides cardiac monitoring, cardiac monitoring device manufacturing, and centralized cardiac core laboratory services. Headquartered in Malvern, PA, the company will be added to the S&P SmallCap 600 GICS Healthcare Services Sub-Industry index.

Raven Industries provides various products to customers in the industrial, agricultural, energy, construction, and defense/aerospace markets. Headquartered in Sioux Falls, SD, the company will be added to the S&P SmallCap 600 GICS Industrial Conglomerates Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – JULY 29, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

MB Financial

Financials

Regional Banks

DELETED

First Niagara Financial Group

Financials

Regional Banks

 

S&P SMALLCAP 600 INDEX – JULY 29, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

BioTelemetry

Healthcare

Healthcare Services


Raven Industries

Industrial

Industrial Conglomerates

DELETED

MB Financial

Financials

Regional Banks


Wilshire Bancorp

Financials

Regional Banks

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.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mb-financial-to-join-sp-midcap-400-biotelemetry-and-raven-industries-to-join-sp-smallcap-600-300303608.html

SOURCE S&P Dow Jones Indices

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