Chronicle Journal: Finance

Endo International Set to Join the S&P 500; Boston Beer to Join S&P MidCap 400; Southside Bancshares to Join S&P SmallCap 600

NEW YORK, Jan. 21, 2015 /PRNewswire/ -- S&P MidCap 400 constituent Endo International plc (NASD: ENDP) will replace Covidien plc (NYSE: COV) in the S&P 500, S&P SmallCap 600 constituent The Boston Beer Company Inc. (NYSE: SAM) will replace Endo International in the S&P MidCap 400, and Southside Bancshares Inc. (NASD: SBSI) will replace The Boston Beer Company in the S&P SmallCap 600 after the close of trading on Monday, January 26. S&P 100 & 500 constituent Medtronic Inc. (NYSE: MDT) is acquiring Covidien in a deal expected to be completed on or about that date pending final approvals.

Endo International develops, manufactures, markets, and distributes branded pharmaceutical, generic pharmaceutical, over the counter medications and medical device products. Headquartered in Dublin, Ireland the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Pharmaceuticals Sub-Industry index.

The Boston Beer Company produces and sells alcohol beverages. Headquartered in Boston, MA, the company will be added to the S&P MidCap 400 GICS Brewers Sub-Industry index.

Southside Bancshares provides financial products and services. Headquartered in Tyler, TX, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX – January 26, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Endo International

Health Care

Pharmaceuticals

DELETED

Covidien

Health Care

Health Care Equipment

 

S&P MIDCAP 400 INDEX – January 26, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

The Boston Beer Company

Consumer Staples

Brewers

DELETED

Endo International

Health Care

Pharmaceuticals

 

S&P SMALLCAP 600 INDEX – January 26, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Southside Bancshares

Financials

Regional Banks

DELETED

The Boston Beer   Company

Consumer Staples

Brewers

 

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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For more information:

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+1) 212 438 3907
david.blitzer@spdji.com 

David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
dave.guarino@spdji.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/endo-international-set-to-join-the-sp-500-boston-beer-to-join-sp-midcap-400-southside-bancshares-to-join-sp-smallcap-600-300023980.html

SOURCE S&P Dow Jones Indices

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