NEW YORK, April 11, 2016 /PRNewswire/ -- S&P SmallCap 600 constituent Prestige Brands Holdings Inc. (NYSE: PBH) will replace Cleco Corporation. (NYSE: CNL) in the S&P MidCap 400, and Great Western Bancorp Inc. (NYSE: GWB) will replace Prestige Brands Holdings in the S&P SmallCap 600 after the close of trading on Wednesday, April 13. Macquarie Infrastructure Partners is acquiring Cleco in a deal expected to be completed on or about that date pending final conditions.
Prestige Brands Holdings markets, sells, and distributes over-the-counter (OTC) healthcare and household cleaning products. Headquartered in Tarrytown, NY, the company will be added to the S&P MidCap 400 (Global Industry Classification Standard) Pharmaceuticals Sub-Industry index.
Great Western Bancorp provides business and agribusiness banking, retail banking, and wealth management services. Headquartered in Sioux Falls, SD, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes:
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S&P MIDCAP 400 INDEX – April 13, 2016
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
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ADDED
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Prestige Brands
Holdings
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Health Care
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Pharmaceuticals
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DELETED
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Cleco
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Utilities
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Electric Utilities
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S&P SMALLCAP 600 INDEX – April 13, 2016
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|
COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
|
|
ADDED
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Great Western
Bancorp
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Financials
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Regional Banks
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DELETED
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Prestige Brands
Holdings
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Health Care
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Pharmaceuticals
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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.
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