Omnicell, Southwestern Energy and Ormat Technologies Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600
NEW YORK, June 28, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
S&P SmallCap 600 constituent Omnicell Inc (NASD: OMCL) will replace Coherent Inc. (NASD: COHR) in the S&P MidCap 400, and Stride Inc (NYSE: LRN) will replace Omnicell in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. S&P MidCap 400 constituent II-VI Inc. (NASD: IIVI) is acquiring Coherent in a deal expected to be completed on July 1, pending final closing conditions.
S&P SmallCap 600 constituent Southwestern Energy Co. (NYSE:SWN) will replace CDK Global Inc. (NASD:CDK) in the S&P MidCap 400, and Frontdoor Inc. (NASD:FTDR) will replace Southwestern Energy in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 6. Brookfield Business Partners LP (TSX: BBU.UN) is acquiring CDK Global in a tender offer expected to be completed on July 5.
Ormat Technologies Inc. (NYSE:ORA) will replace CMC Materials Inc. (NASD:CCMP) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, July 7. Entegris Inc. (NASD: ENTG) is acquiring CMC Materials in a transaction expected to be completed on July 6.
Enhabit Inc. (NYSE:EHAB) will replace Loyalty Ventures Inc. (NASD:LYLT) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. S&P MidCap 400 constituent Encompass Health Corp. (NYSE: EHC) is spinning off Enhabit in a transaction expected to be completed prior to the open on Friday, July 1, pending final conditions. Loyalty Ventures is no longer representative of the small-cap market space.
Sun Country Airlines Holdings Inc. (NASD:SNCY) will replace Neenah Inc. (NYSE:NP) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. Schweitzer-Mauduit International Inc. (NYSE: SWM) is acquiring Neenah in a transaction expected to be completed on July 1.
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
July 5, 2022
S&P MidCap 400
Addition
Omnicell
OMCL
Health Care
S&P MidCap 400
Deletion
Coherent
COHR
Information Technology
S&P SmallCap 600
Addition
Stride
LRN
Consumer Discretionary
S&P SmallCap 600
Addition
Enhabit
EHAB
Health Care
S&P SmallCap 600
Addition
Sun Country Airlines
SNCY
Industrials
S&P SmallCap 600
Deletion
Omnicell
OMCL
Health Care
S&P SmallCap 600
Deletion
Loyalty Ventures
LYLT
Communication Services
S&P SmallCap 600
Deletion
Neenah
NP
Materials
July 6, 2022
S&P MidCap 400
Addition
Southwestern Energy
SWN
Energy
S&P MidCap 400
Deletion
CDK Global
CDK
Information Technology
S&P SmallCap 600
Addition
Frontdoor
FTDR
Consumer Discretionary
S&P SmallCap 600
Deletion
Southwestern Energy
SWN
Energy
July 7, 2022
S&P MidCap 400
Addition
Ormat Technologies
ORA
Utilities
S&P MidCap 400
Deletion
CMC Materials
CCMP
Information Technology
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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