NEW YORK, June 21, 2016 /PRNewswire/ -- S&P MidCap
400 constituent Fortune Brands Home & Security Inc. (NYSE:FBHS)
will replace Cablevision Systems Corp. (NYSE:CVC), and Churchill
Downs Inc. (NASD:CHDN) will replace Fortune Brands Home &
Security in the S&P MidCap 400 after the close of trading on
Thursday, June 23. Altice NV acquired
Cablevision in a deal completed today.
Fortune Brands Home & Security provides home and security
products for use in residential home repair, remodeling, new
construction, and security applications. Headquartered in
Deerfield, IL, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Building Products Sub-Industry index.
Churchill Downs provides pari-mutuel horseracing, online account
wagering on horseracing, and casino gaming services. Headquartered
in Louisville, KY, the company
will be added to the S&P MidCap 400 GICS Casinos & Gaming
Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX
– JUNE 23, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Fortune Brands Home
& Security
|
Industrials
|
Building
Products
|
DELETED
|
Cablevision
Systems
|
Consumer
Discretionary
|
Cable &
Satellite
|
S&P MIDCAP 400
INDEX – JUNE 23, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Churchill
Downs
|
Consumer
Discretionary
|
Casinos &
Gaming
|
DELETED
|
Fortune Brands Home
& Security
|
Industrials
|
Building
Products
|
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 based on any other provider in
the world. With over 1,000,000 indices and more than 120 years of
experience constructing innovative and transparent solutions,
S&P Dow Jones Indices defines the way investors measure and
trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit www.spdji.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/fortune-brands-home--security-set-to-join-the-sp-500-churchill-downs-to-join-sp-midcap-400-300288278.html
SOURCE S&P Dow Jones Indices