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Computer Sciences Set to Join S&P 500; Southwestern Energy to Join S&P MidCap 400

NEW YORK, March 28, 2017 /PRNewswire/ -- S&P MidCap 400 constituent Computer Sciences Corp. (CSC) will replace Southwestern Energy Co. (SWN) in the S&P 500, and Southwestern Energy will replace Computer Sciences in the S&P MidCap 400 effective prior to the open on Tuesday, April 4. S&P 500 constituent Hewlett Packard Enterprise Co. (HPE) will spin-off Everett Inc., which will be immediately acquired by Computer Sciences, in a transaction expected to be completed prior to the open on Monday, April 3, pending final conditions. Hewlett Packard Enterprises will remain in the S&P 500 post spin-off. Post-merger, Computer Sciences will be more representative of the large-cap market space.

Computer Sciences Corporation provides information technology services and solutions. Headquartered in Tysons, VA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) IT Consulting & Other Services Sub-Industry index.

Southwestern Energy Company engages in the exploration, development, and production of natural gas and oil. Headquartered in Spring, TX, the company will be added to the S&P MidCap 400 GICS Oil & Gas Exploration & Production Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX – April 4, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Computer Sciences

Information Technology

IT Consulting & Other Services

DELETED

Southwestern Energy

Energy

Oil & Gas Exploration & Production

 

S&P 400 INDEX – April 4, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Southwestern Energy

Energy

Oil & Gas Exploration & Production

DELETED

Computer Sciences

Information Technology

IT Consulting & Other Services

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FOR MORE INFORMATION:

Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/computer-sciences-set-to-join-sp-500-southwestern-energy-to-join-sp-midcap-400-300430774.html