Carlyle Group and WP Carey Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600
NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30:
- Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE:BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.
- WP Carey Inc. (NYSE: WPC) will replace Worthington Industries Inc. (NYSE: WOR) in the S&P MidCap 400. Worthington Industries will replace Avantax, Inc. (NASD: AVTA) in the S&P SmallCap 600. Aretec Group, Inc. is acquiring Avantax in a deal expected to be completed soon pending final closing conditions. Worthington Industries is more appropriate for the S&P SmallCap 600 with an anticipated spin-off transaction expected to be completed in early December.
- Clearway Energy Inc. (NYSE: CWEN, CWEN.A) will replace Veritiv Corporation (NYSE: VRTV) in the S&P SmallCap 600. Clayton, Dubilier & Rice, LLC is to acquire Veritiv Corporation in a deal expected to be completed soon, pending final closing conditions.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
November 30, 2023 | S&P MidCap 400 | Addition | Carlyle Group | CG | Financials |
S&P MidCap 400 | Deletion | ICU Medical | ICUI | Health Care | |
S&P MidCap 400 | Addition | WP Carey | WPC | Real Estate | |
S&P MidCap 400 | Deletion | Worthington Industries | WOR | Materials | |
S&P SmallCap 600 | Addition | Clearway Energy | CWEN; | Utilities | |
S&P SmallCap 600 | Deletion | Veritiv | VRTV | Industrials | |
S&P SmallCap 600 | Addition | Worthington Industries | WOR | Materials | |
S&P SmallCap 600 | Deletion | Avantax, | AVTA | Financials | |
S&P SmallCap 600 | Addition | ICU Medical | ICUI | Health Care | |
S&P SmallCap 600 | Deletion | PacWest Bancorp | PACW | Financials |
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