Home BancShares Set to Join S&P MidCap 400 and Chatham Lodging Trust to Join S&P SmallCap 600
- 93
PR Newswire
NEW YORK, May 30, 2017
NEW YORK, May 30, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent Home BancShares Inc. (NASD: HOMB) will replace Valspar Corp. (NYSE: VAL) in the S&P MidCap 400, and Chatham Lodging Trust (NYSE: CLDT) will replace Home BancShares in the S&P SmallCap 600 effective prior to the open on Friday, June 2. S&P 500 constituent The Sherwin-Williams Co. (NYSE: SHW) is acquiring Valspar in a deal expected to be completed on June 1.
Home BancShares provides commercial and retail banking and related financial services. Headquartered in Conway, AK, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.
Chatham Lodging Trust, a real estate investment trust (REIT), primarily invests in premium-branded upscale extended-stay and select-service hotels. Headquartered in West Palm Beach, FL, the company will be added to the S&P SmallCap 600 GICS Hotel & Resort REITs Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – June 2, 2017 | |||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
ADDED |
Home |
Financials |
Regional Banks |
DELETED |
Valspar Corp |
Materials |
Specialty Chemicals |
S&P SMALLCAP 600 INDEX – June 2, 2017 | |||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
ADDED |
Chatham |
Real Estate |
Hotel & Resort REITs |
DELETED |
Home |
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.
FOR MORE INFORMATION:
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
[email protected]
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
[email protected]
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/home-bancshares-set-to-join-sp-midcap-400-and-chatham-lodging-trust-to-join-sp-smallcap-600-300465829.html
SOURCE S&P Dow Jones Indices
PR Newswire's news distribution, targeting, monitoring and marketing solutions help you connect and engage with target audiences across the globe.