NEW YORK, Feb. 26, 2019 /PRNewswire/ -- Livent Corp. (LTHM) will replace Bristow Group Inc. (BRS) in the S&P SmallCap 600 effective prior to the open of trading on Tuesday, March 5. S&P 500 constituent FMC Corp. (FMC) is spinning off all its holdings of Livent to shareholders. Bristow Group is ranked at the bottom of the S&P SmallCap 600 and no longer representative of the small-cap market space. FMC Corp. will remain in the S&P 500.
Livent Corp manufactures and sells performance lithium compounds that are used primarily in energy storage, specialty polymers, and chemical synthesis application. Headquartered in Philadelphia, PA, the company will be added to the S&P SmallCap 600 Global Industry Classification Standard (GICS) Specialty Chemicals Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – March 5, 2019
GICS ECONOMIC SECTOR
Oil & Gas Equipment &
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