Garmin Set to Join the S&P 500; R.R. Donnelly & Sons to
Join S&P MidCap 400
NEW YORK, Dec. 5, 2012 /PRNewswire/ -- S&P 500
constituent R.R. Donnelley &
Sons Co. (NASD: RRD) will replace Medicis Pharmaceutical Corp.
(NYSE: MRX) in the S&P MidCap 400, and Garmin Ltd. (NASD: GRMN)
will replace R.R. Donnelley in the
S&P 500 after the close of trading on Tuesday, December 11. Valeant Pharmaceuticals
International Inc. (NYSE: VRX) is acquiring Medicis in a deal
expected to be completed on or about that date pending final
approvals. R.R. Donnelley's market
cap is more representative of the mid-cap market space.
Garmin designs, develops, manufactures, and markets global
positioning system enabled products and other navigation,
communication, and information products. Headquartered in
Switzerland, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Consumer Electronics Sub-Industry index.
R.R. Donnelley & Sons
provides integrated communication solutions to private and public
sectors. Headquartered in Chicago,
IL, the company will be added to the S&P MidCap 400 GICS
Commercial Printing Sub-Industry index.
Following is a summary of the change:
S&P
500 INDEX – December 11, 2012
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Garmin
Ltd.
|
Consumer
Discretionary
|
Consumer
Electronics
|
DELETED
|
R.R.
Donnelley & Sons
|
Industrials
|
Commercial
Printing
|
S&P
MIDCAP 400 INDEX – December 11, 2012
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
R.R.
Donnelly & Sons
|
Industrials
|
Commercial
Printing
|
DELETED
|
Medicis
Pharmaceutical
|
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.
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