Bruker BioSciences Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600
NEW YORK, Nov. 24, 2021 /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 opening of trading on Thursday, December 2:
- Bruker BioSciences Corp. (NASD:BRKR) will replace KAR Auction Services Inc. (NYSE:KAR) in the S&P MidCap 400, and KAR Auction Services will replace Meredith Corp. (NYSE:MDP) in the S&P SmallCap 600. Meredith is being acquired in a two-step transaction that is expected to be completed on or about December 1. KAR Auctions is more representative of the small-cap market space.
- Cars.com Inc. (NYSE:CARS) will replace DSP Group Inc. (NASD:DSPG) in the S&P SmallCap 600. S&P MidCap 400 constituent Synaptics Inc. (NASD:SYNA) is acquiring DSP Group in a deal expected to be completed on December 2.
- NV5 Global Inc. (NASD:NVEE) will replace Raven Industries Inc. (NASD:RAVN) in the S&P SmallCap 600. CNH Industrial N.V. (NYSE:CNHI) is acquiring Raven Industries in a transaction expected to be completed on November 30.
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 |
Dec. 2, 2021 | S&P MidCap 400 | Addition | Bruker BioSciences | BRKR | Health Care |
S&P MidCap 400 | Deletion | KAR Auction Services | KAR | Industrials | |
S&P SmallCap 600 | Addition | KAR Auction Services | KAR | Industrials | |
S&P SmallCap 600 | Addition | Cars.com | CARS | Communication Services | |
S&P SmallCap 600 | Addition | NV5 Global | NVEE | Industrials | |
S&P SmallCap 600 | Deletion | Meredith | MDP | Communication Services | |
S&P SmallCap 600 | Deletion | DSP Group | DSPG | Information Technology | |
S&P SmallCap 600 | Deletion | Raven Industries | RAVN | Industrials |
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