FBM - RH Set to Join S&P MidCap 400 and Foundation Building Materials to Join S&P SmallCap 600
NEW YORK, Dec. 26, 2019 /PRNewswire/ -- S&P SmallCap 600 constituent RH (NYSE: RH) will replace Genesee & Wyoming Inc. (NYSE: GWR) in the S&P MidCap 400, and Foundation Building Materials Inc. (NYSE: FBM) will replace RH in the S&P SmallCap 600 prior to the open of trading on Thursday, January 2. Brookfield Infrastructure Partners L.P. (NYSE: BIP) is acquiring Genesee & Wyoming in a deal expected to be completed prior to the open of trading on Monday, December 30.
RH operates as a luxury retailer in the home furnishings marketplace. Headquartered in Corte Madera, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Homefurnishing Retail Sub-Industry index.
Foundation Building Materials distributes wallboard, suspended ceiling systems and metal framing building products. Headquartered in Santa Ana, CA, the company will be added to the S&P SmallCap 600 GICS Trading Companies & Distributors Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – January 2, 2020 |
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
ADDED |
RH |
Consumer Discretionary |
Homefurnishing Retail |
DELETED |
Genesee & |
Industrials |
Railroads |
S&P SMALLCAP 600 INDEX – January 2, 2020 |
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
ADDED |
Foundation |
Industrials |
Trading Companies & |
DELETED |
RH |
Consumer Discretionary |
Homefurnishing Retail |
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