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Press release from PR Newswire

Cubist Pharmaceuticals, Science Applications International Set to Join the S&P MidCap 400; Annie's, Barnes & Noble to Join S&P SmallCap 600

Monday, September 23, 2013

Cubist Pharmaceuticals, Science Applications International Set to Join the S&P MidCap 400; Annie's, Barnes & Noble to Join S&P SmallCap 600

17:48 EDT Monday, September 23, 2013

NEW YORK, Sept. 23, 2013 /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 SmallCap 600 constituent Cubist Pharmaceuticals Inc. (NASD:CBST) will replace Smithfield Foods Inc. (NYSE:SFD) in the S&P MidCap 400, and Annie's Inc. (NYSE:BNNY) will replace Cubist Pharmaceuticals in the S&P SmallCap 600 after the close of trading on Thursday, September 26. Smithfield Foods is being acquired by Shuanghui International Holdings Ltd. In a deal expected to be completed on or about that date pending final approvals.
  • Science Applications International Corp. (NYSE:SAICwi) will replace Barnes & Noble (NYSE:BKS) in the S&P MidCap 400, and Barnes & Noble will replace Radisys Corp. (NASD:RSYS) in the S&P SmallCap 600 after the close of trading on Friday, September 27. SAIC Inc. (NYSE:SAI), which is changing its name to Leidos Holdings Inc., is spinning off Science Applications to shareholders in a transaction expected to be effective after the close of trading on that date. The newly renamed Leidos Holdings will remain in the S&P MidCap 400. Barnes & Noble's market capitalization is now more representative of the small cap market space. Radisys is ranked #600 in the S&P SmallCap 600.

Cubist Pharmaceuticals focuses on the research, development, and commercialization of pharmaceutical products. Headquartered in Lexington, MA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Biotechnology Sub-Industry index.

Annie's engages in the production, marketing, and distribution of natural and organic food products. Headquartered in Berkeley, CA, the company will be added to the S&P SmallCap 600 GICS Packaged Foods & Meats Sub-Industry index.

Sciences Applications International provides technical, engineering and enterprise information technology services. Headquartered in McLean, VA, the company will be added to the S&P MidCap 400 GICS IT Consulting & Other Services Sub-Industry index.

Barnes & Noble is a retailer of content, digital media and educational products. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Specialty Stores Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX ? September 26, 2013

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Cubist Pharmaceuticals

Health Care

Biotechnology

DELETED

Smithfield Foods

Consumer Staples

Packaged Foods & Meats

 

S&P SMALLCAP 600 INDEX ? September 26, 2013

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Annie's

Consumer Staples

Packaged Foods & Meats

DELETED

Cubist Pharmaceuticals

Health Care

Biotechnology

 

S&P MIDCAP 400 INDEX ? September 27, 2013

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Science Applications International

Information Technology

IT Consulting & Other Services

DELETED

Barnes & Noble

Consumer Discretionary

Specialty Stores

 

S&P SMALLCAP 600 INDEX ? September 27, 2013

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Barnes & Noble

Consumer Discretionary

Specialty Stores

DELETED

Radisys

Information Technology

Electronic Manufacturing Services

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.

About S&P Dow Jones IndicesS&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 830,000 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.

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, 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.

For more information:

Dave GuarinoCommunicationsS&P Dow Jones Indicesdave.guarino@spdji.com(212) 438-1471

David BlitzerManaging Director and Chairman of the Index CommitteeS&P Dow Jones Indicesdavid.blitzer@spdji.com (212) 438-3907

SOURCE S&P Dow Jones Indices

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