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Keysight Technologies Set to Join S&P 500; Ligand Pharmaceuticals to Join S&P MidCap 400; Marcus & Millichap and Arcosa to Join S&P SmallCap 600

NEW YORK, Oct. 30, 2018 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600:

  • S&P MidCap 400 constituent Keysight Technologies Inc. (KEYS) will replace CA Inc. (CA) in the S&P 500, S&P SmallCap 600 constituent Ligand Pharmaceuticals Inc. (LGND) will replace Keysight Technologies in the S&P MidCap 400, and Marcus & Millichap Inc. (MMI) will replace Ligand Pharmaceuticals in the S&P SmallCap 600 prior to the open of trading on Tuesday, November 6. S&P 500 constituent Broadcom Inc. (AVGO) is acquiring CA in a deal expected to close on or about that date pending final conditions.
                                                                  
  • Arcosa Inc. (NYSE:ACA) will replace KapStone Paper and Packaging Corp. (KS) in the S&P SmallCap 600 effective prior to the open of trading on Monday, November 5. S&P MidCap 400 constituent Trinity Industries Inc. (TRN) is spinning off Arcosa to shareholders in a deal expected to be completed on November 1. Post spin-off, Trinity Industries will remain in the S&P MidCap 400. S&P 500 constituent WestRock Co. (WRK) is acquiring Kapstone Paper and Packaging in a deal expected to close on or about November 2 pending final conditions.

Keysight Technologies provides electronic design and test solutions to communications and electronics industries. Headquartered in Santa Rosa, CA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Electronic Equipment & Instruments Sub-Industry index.

Ligand Pharmaceuticals focuses on developing and acquiring technologies that help pharmaceutical companies to discover and develop medicines. Headquartered in San Diego, CA, the company will be added to the S&P MidCap 400 GICS Biotechnology Services Sub-Industry index.

Marcus & Millichap provides investment brokerage and financing services to sellers and buyers of commercial real estate. Headquartered in Calabasas, CA, the company will be added to the S&P SmallCap 600 GICS Real Estate Services Sub-Industry index.

Arcosa is a manufacturer and producer of infrastructure-related products. Headquartered in Dallas, TX, the company will be added to the S&P SmallCap 600 GICS Construction & Engineering Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX – NOVEMBER 5, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Arcosa

Industrials

Construction &
Engineering

DELETED

KapStone Paper
and Packaging

Materials

Paper Products


S&P 500 INDEX – NOVEMBER 6, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Keysight
Technologies

Information Technology

Electronic Equipment &
Instruments

DELETED

CA

Information Technology

Systems Software


S&P MIDCAP 400 INDEX – NOVEMBER 6, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Ligand
Pharmaceuticals

Health Care

Biotechnology

DELETED

Keysight
Technologies

Information Technology

Electronic Equipment &
Instruments


S&P SMALLCAP 600 INDEX – NOVEMBER 6, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Marcus &
Millichap

Real Estate

Real Estate Services

DELETED

Ligand
Pharmaceuticals

Health Care

Biotechnology

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

David Blitzer

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

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji_communications@spglobal.com

Cision

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