Frontier Communications Set to Join S&P MidCap 400; Hain Celestial Group to Join S&P SmallCap 600
NEW YORK, Sept. 27, 2022 /PRNewswire/ -- Frontier Communications Parent Inc. (NASD: FYBR) will replace The Hain Celestial Group Inc. (NASD:HAIN) in the S&P Midcap 400 and The Hain Celestial Group will replace Hanger Inc. (NYSE:HNGR) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, October 3. Patient Square Capital, LP. is acquiring Hanger in a deal expected to be completed soon pending final closing conditions. The Hain Celestial Group is more representative of the small-cap market space.
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 |
October 3, 2022 | S&P MidCap 400 | Addition | Frontier Communications Parent | FYBR | Communication Services |
S&P MidCap 400 | Deletion | The Hain Celestial Group | HAIN | Consumer Staples | |
S&P SmallCap 600 | Addition | The Hain Celestial Group | HAIN | Consumer Staples | |
S&P SmallCap 600 | Deletion | Hanger | HNGR | Health Care |
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