NEW YORK, Dec. 9, 2015 /PRNewswire/ -- S&P SmallCap 600
constituent j2 Global Inc. (NASD: JCOM) will replace Cytec
Industries Inc. (NYSE: CYT) in the S&P MidCap 400, and
Installed Building Products Inc. (NYSE: IBP) will replace j2 Global
in the S&P SmallCap 600 after the close of trading on
Friday, December 11. Solvay SA
acquired Cytec Industries in a cash deal completed today.
j2 Global provides cloud-based, business-critical communications
and storage messaging services. Headquartered in Los Angeles, CA, the company will be added to
the S&P MidCap 400 GICS (Global Industry Classification
Standard) Internet Software & Services Sub-Industry index.
Installed Building Products operates as an insulation installer
for the residential new construction market and an installer of
complementary building products. Headquartered in Columbus, OH, the company will be added to the
S&P SmallCap 600 GICS Homebuilding Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400
INDEX – December 11, 2015
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
j2 Global
|
Information
Technology
|
Internet Software
& Services
|
|
DELETED
|
Cytec
Industries
|
Materials
|
Specialty
Chemicals
|
|
S&P SMALLCAP
600 INDEX – December 11, 2015
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Installed Building
Products
|
Consumer
Discretionary
|
Homebuilding
|
|
DELETED
|
j2 Global
|
Information
Technology
|
Internet Software
& 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.
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SOURCE S&P Dow Jones Indices