PDCE - PC Connection and Dorian LPG Set to Join S&P SmallCap 600
NEW YORK, Jan. 6, 2020 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600:
- PC Connection Inc. (NASD:CNXN) will replace Jagged Peak Energy Inc. (NYSE:JAG) effective prior to the open of trading on Friday, January 10. Parsley Energy Inc. (NYSE:PE) is acquiring Jagged Peak Energy in a transaction expected to be completed soon pending final conditions.
- Dorian LPG Ltd. (NYSE: LPG) will replace SRC Energy Inc. (NYSE American: SRCI) effective prior to the open of trading on Wednesday, January 15. S&P SmallCap 600 constituent PDC Energy Inc. (NASD: PDCE) is acquiring SRC Energy in a deal expected to be completed soon pending final conditions. Post-merger, PDC Energy will remain in the S&P SmallCap 600.
PC Connection provides a range of information technology solutions. Headquartered in Merrimack, NH, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Technology Distributors Sub-Industry index.
Dorian LPG engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers. Headquartered in Stamford, CT, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Storage & Transportation Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – January 10, 2020 |
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
ADDED |
PC Connection |
Information Technology |
Technology Distributors |
DELETED |
Jagged Peak Energy |
Energy |
Oil & Gas Exploration & Production |
S&P SMALLCAP 600 INDEX – January 15, 2020 |
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
ADDED |
Dorian LPG |
Energy |
Oil & Gas Storage & Transportation |
DELETED |
SRC Energy |
Energy |
Oil & Gas Exploration & Production |
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