NEW YORK, Oct. 5, 2015 /PRNewswire/ -- S&P
SmallCap 600 constituent Cyberonics Inc. (NASD:CYBX) will replace
Home Properties Inc. (NYSE:HME) in the S&P MidCap 400, and
Ruckus Wireless Inc. (NYSE:RKUS) will replace Cyberonics in the
S&P SmallCap 600 after the close of trading on Wednesday, October 7. Lone Star Funds is
acquiring Home Properties in a deal expected to be completed on or
about that date, pending final approvals. Cyberonics is merging
with Sorin SpA in a deal expected to be completed soon. Post
merger, Cyberonics will change its name to LivaNova plc, and its
combined market capitalization is anticipated to be more
representative of the mid-cap market space.
Cyberonics designs, develops, markets, and sells medical
devices. Headquartered in Houston,
TX, the company will be added to the S&P MidCap 400 GICS
(Global Industry Classification Standard) Health Care Equipment
Sub-Industry index.
Ruckus Wireless provides carrier-class Wi-Fi solutions to
service providers and enterprises. Headquartered in Sunnyvale, CA, the company will be added to
the S&P SmallCap 600 GICS Communications Equipment Sub-Industry
index.
Following is a summary of the changes:
|
S&P MIDCAP 400
INDEX – October 7, 2015
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Cyberonics
|
Health
Care
|
Health Care
Equipment
|
|
DELETED
|
Home
Properties
|
Financials
|
Residential
REITs
|
|
S&P SMALLCAP
600 INDEX – October 7, 2015
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Ruckus
Wireless
|
Information
Technology
|
Communications
Equipment
|
|
DELETED
|
Cyberonics
|
Health
Care
|
Health Care
Equipment
|
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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To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/cyberonics-set-to-join-the-sp-midcap-400-ruckus-wireless-to-join-sp-smallcap-600-300154559.html
SOURCE S&P Dow Jones Indices