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Press release from PR Newswire

Tractor Supply Set to Join the S&P 500; Align Technology to Join MidCap 400; Roadrunner Transportation and Boise Cascade to Join S&P SmallCap 600

Thursday, January 16, 2014

Tractor Supply Set to Join the S&P 500; Align Technology to Join MidCap 400; Roadrunner Transportation and Boise Cascade to Join S&P SmallCap 600

17:50 EST Thursday, January 16, 2014

NEW YORK, Jan. 16, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective after the close of trading on Thursday, January 23:

  • S&P MidCap 400 constituent Tractor Supply Co. (NASD:TSCO) will replace Life Technologies Corp. (NASD:LIFE) in the S&P 500, S&P SmallCap 600 constituent Align Technology Inc. (NASD:ALGN) will replace Tractor Supply in the S&P MidCap 400 and Roadrunner Transportation Systems Inc. (NYSE:RRTS) will replace Align Technology in the S&P SmallCap 600. Life Technologies is being acquired by S&P 500 constituent Thermo Fisher Scientific Inc. (NYSE:TMO) in a deal expected to be completed soon pending final approvals. Tractor Supply has a market capitalization that is more representative of the large cap market space.  Align Technology is the top ranked company in the S&P SmallCap 600 as measured by market capitalization.
  • Boise Cascade Co. (NYSE:BCC) will replace ViroPharma Inc. (NASD:VPHM) in the S&P SmallCap 600. Shire plc is acquiring ViroPharma in a deal expected to be completed soon pending final approvals.

Tractor Supply operates retail farm and ranch stores. Headquartered in Brentwood, TN, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialty Stores Sub-Industry index.

Align Technology operates as a medical device company. Headquartered in San Jose, CA, the company will be added to the S&P MidCap 400 GICS Health Care Supplies Sub-Industry index.

Roadrunner Transportation Systems provides asset-light transportation and logistics services. Headquartered in Cudahy, WI, the company will be added to the S&P SmallCap 600 GICS Trucking Sub-Industry index.

Boise Cascade manufactures wood products and distributes building materials. Headquartered in Boise, ID, the company will be added to the S&P SmallCap 600 GICS Forest Products Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX ? January 23, 2014

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Tractor Supply

Consumer Discretionary

Specialty Stores

DELETED

Life Technologies

Health Care

Life Science Tools & Services

 

S&P MIDCAP 400 INDEX ? January 23, 2014

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Align Technology

Health Care

Health Care Supplies

DELETED

Tractor Supply

Consumer Discretionary

Specialty Stores

 

S&P SMALLCAP 600 INDEX ? January 23, 2014

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Roadrunner Transportation Systems

Industrials

Trucking

Boise Cascade

Materials

Forest Products

DELETED

Align Technology

Health Care

Health Care Supplies

ViroPharma

Health Care

Pharmaceuticals

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 LLC

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