Erie Indemnity and Penske Automotive Group Set to Join S&P MidCap 400
NEW YORK, Aug. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400:
- Penske Automotive Group Inc. (NYSE:PAG) will replace Univar Solutions Inc. (NYSE:UNVR) in the S&P MidCap 400 effective prior to the opening of trading on Friday, August 4. Apollo Global Management Inc. (NYSE:APO) acquired Univar Solutions in a deal that closed today.
- Erie Indemnity Co. (NASD: ERIE) will replace PDC Energy Inc. (NASD: PDCE) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, August 8. S&P 500 & 100 constituent Chevron Corp. (NYSE:CVX) is acquiring PDC Energy in a deal expected to be completed soon pending final 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 |
August 4, 2023 | S&P MidCap 400 | Addition | Penske Automotive Group | PAG | Consumer Discretionary |
S&P MidCap 400 | Deletion | Univar Solutions | UNVR | Industrials | |
August 8, 2023 | S&P MidCap 400 | Addition | Erie Indemnity | ERIE | Financials |
S&P MidCap 400 | Deletion | PDC Energy | PDCE | Energy |
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SOURCE S&P Dow Jones Indices