Omnicell, Southwestern Energy and Ormat Technologies Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600
PR Newswire
NEW YORK , June 28, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
- S&P SmallCap 600 constituent Omnicell Inc (NASD: OMCL) will replace Coherent Inc. (NASD: COHR) in the S&P MidCap 400, and Stride Inc (NYSE: LRN) will replace Omnicell in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5 . S&P MidCap 400 constituent II-VI Inc. (NASD: IIVI) is acquiring Coherent in a deal expected to be completed on July 1 , pending final closing conditions.
- S&P SmallCap 600 constituent Southwestern Energy Co. (NYSE:SWN) will replace CDK Global Inc. (NASD:CDK) in the S&P MidCap 400, and Frontdoor Inc. (NASD:FTDR) will replace Southwestern Energy in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 6 . Brookfield business Partners LP (TSX: BBU.UN) is acquiring CDK Global in a tender offer expected to be completed on July 5 .
- Ormat Technologies Inc. (NYSE:ORA) will replace CMC Materials Inc. (NASD:CCMP) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, July 7 . Entegris Inc. (NASD: ENTG) is acquiring CMC Materials in a transaction expected to be completed on July 6 .
- Enhabit Inc. (NYSE:EHAB) will replace Loyalty Ventures Inc. (NASD:LYLT) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5 . S&P MidCap 400 constituent Encompass Health Corp. (NYSE: EHC) is spinning off Enhabit in a transaction expected to be completed prior to the open on Friday, July 1 , pending final conditions. Loyalty Ventures is no longer representative of the small-cap market space.
- Sun Country Airlines Holdings Inc. (NASD:SNCY) will replace Neenah Inc. (NYSE:NP) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5 . Schweitzer-Mauduit International Inc. (NYSE: SWM) is acquiring Neenah in a transaction expected to be completed on July 1 .
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
| Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
| July 5, 2022 | S&P MidCap 400 | Addition | Omnicell | OMCL | Health Care |
| | S&P MidCap 400 | Deletion | Coherent | COHR | Information Technology |
| | S&P SmallCap 600 | Addition | Stride | LRN | Consumer Discretionary |
| | S&P SmallCap 600 | Addition | Enhabit | EHAB | Health Care |
| | S&P SmallCap 600 | Addition | Sun Country Airlines | SNCY | Industrials |
| | S&P SmallCap 600 | Deletion | Omnicell | OMCL | Health Care |
| | S&P SmallCap 600 | Deletion | Loyalty Ventures | LYLT | Communication Services |
| | S&P SmallCap 600 | Deletion | Neenah | NP | Materials |
| July 6, 2022 | S&P MidCap 400 | Addition | Southwestern Energy | SWN | Energy |
| | S&P MidCap 400 | Deletion | CDK Global | CDK | Information Technology |
| | S&P SmallCap 600 | Addition | Frontdoor | FTDR | Consumer Discretionary |
| | S&P SmallCap 600 | Deletion | Southwestern Energy | SWN | Energy |
| July 7, 2022 | S&P MidCap 400 | Addition | Ormat Technologies | ORA | Utilities |
| | S&P MidCap 400 | Deletion | CMC Materials | CCMP | Information Technology |
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