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ESAB Set to Join S&P MidCap 400; PROG Holdings to Join S&P SmallCap 600

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NEW YORK, March 30, 2022 /PRNewswire/ -- ESAB Corp. (NYSE: ESAB) will be added to the S&P MidCap 400 effective prior to the opening of trading on Tuesday, April 5. Effective prior to the opening of trading on Wednesday, April 6, S&P MidCap 400 constituent PROG Holdings Inc. (NYSE: PRG) will replace Fiesta Restaurant Group Inc. (NASD: FRGI) in the S&P SmallCap 600. S&P MidCap 400 constituent Colfax Corp. (NYSE: CFX) is spinning off ESAB in a transaction expected to be completed on April 5. Post spin-off, Colfax will be renamed Enovis Corp. (NYSE: ENOV) and will remain in the S&P MidCap 400. PROG Holdings is more representative of the small-cap market space and Fiesta Restaurant Group is no longer 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

April 5, 2022

S&P MidCap 400

Addition

ESAB

ESAB

Industrials

April 6, 2022

S&P MidCap 400

Deletion

PROG Holdings

PRG

Financials

April 6, 2022

S&P SmallCap 600

Addition

PROG Holdings

PRG

Financials

April 6, 2022

S&P SmallCap 600

Deletion

Fiesta Restaurant Group

FRGI

Consumer Discretionary

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View original content:https://www.prnewswire.com/news-releases/esab-set-to-join-sp-midcap-400-prog-holdings-to-join-sp-smallcap-600-301514356.html

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