PC Connection and Dorian LPG Set to Join S&P SmallCap 600
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PR Newswire
NEW YORK, Jan. 6, 2020
NEW YORK, Jan. 6, 2020 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600:
- PC Connection Inc. (NASD:CNXN) will replace Jagged Peak Energy Inc. (NYSE:JAG) effective prior to the open of trading on Friday, January 10. Parsley Energy Inc. (NYSE:PE) is acquiring Jagged Peak Energy in a transaction expected to be completed soon pending final conditions.
- Dorian LPG Ltd. (NYSE: LPG) will replace SRC Energy Inc. (NYSE American: SRCI) effective prior to the open of trading on Wednesday, January 15. S&P SmallCap 600 constituent PDC Energy Inc. (NASD: PDCE) is acquiring SRC Energy in a deal expected to be completed soon pending final conditions. Post-merger, PDC Energy will remain in the S&P SmallCap 600.
PC Connection provides a range of information technology solutions. Headquartered in Merrimack, NH, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Technology Distributors Sub-Industry index.
Dorian LPG engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers. Headquartered in Stamford, CT, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Storage & Transportation Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – January 10, 2020 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | PC Connection | Information Technology | Technology Distributors |
DELETED | Jagged Peak Energy | Energy | Oil & Gas Exploration & Production |
S&P SMALLCAP 600 INDEX – January 15, 2020 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Dorian LPG | Energy | Oil & Gas Storage & Transportation |
DELETED | SRC Energy | Energy | Oil & Gas Exploration & Production |
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 products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define 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.
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SOURCE S&P Dow Jones Indices
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