NEWS DETAIL

  • Source : PR Newswire
  • Date : 2021-11-24
  • Companies : Bruker Corp.

Bruker BioSciences Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600

NEW YORK, Nov. 24, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Thursday, December 2:

  • Bruker BioSciences Corp. (NASD:BRKR) will replace KAR Auction Services Inc. (NYSE:KAR) in the S&P MidCap 400, and KAR Auction Services will replace Meredith Corp. (NYSE:MDP) in the S&P SmallCap 600. Meredith is being acquired in a two-step transaction that is expected to be completed on or about December 1. KAR Auctions is more representative of the small-cap market space.

  • Cars.com Inc. (NYSE:CARS) will replace DSP Group Inc. (NASD:DSPG) in the S&P SmallCap 600. S&P MidCap 400 constituent Synaptics Inc. (NASD:SYNA) is acquiring DSP Group in a deal expected to be completed on December 2.

  • NV5 Global Inc. (NASD:NVEE) will replace Raven Industries Inc. (NASD:RAVN) in the S&P SmallCap 600. CNH Industrial N.V. (NYSE: CNHI) is acquiring Raven Industries in a transaction expected to be completed on November 30.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

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

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SOURCE S&P Dow Jones Indices

Effective Date

Index Name

Action

Company Name

Ticker

GICS Sector

Dec. 2, 2021

S&P MidCap 400

Addition

Bruker BioSciences

BRKR

Health Care


S&P MidCap 400

Deletion

KAR Auction Services

KAR

Industrials


S&P SmallCap 600

Addition

KAR Auction Services

KAR

Industrials


S&P SmallCap 600

Addition

Cars.com

CARS

Communication Services


S&P SmallCap 600

Addition

NV5 Global

NVEE

Industrials


S&P SmallCap 600

Deletion

Meredith

MDP

Communication Services


S&P SmallCap 600

Deletion

DSP Group

DSPG

Information Technology


S&P SmallCap 600

Deletion

Raven Industries

RAVN

Industrials