Oclaro, Inc.
Apr 6, 2017

United Bankshares Set to Join S&P MidCap 400 and Oclaro to Join S&P SmallCap 600

NEW YORK, April 6, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent United Bankshares Inc. (NASD: UBSI) will replace The WhiteWave Foods Co. (NYSE: WWAV) in the S&P MidCap 400, and Oclaro Inc. (NASD: OCLR) will replace United Bankshares in the S&P SmallCap 600 effective prior to the open on Wednesday, April 12. Danone SA is acquiring WhiteWave Foods in a deal expected to be completed on or about that date pending final conditions.

United Bankshares provides commercial and retail banking services and products. Headquartered in Charleston, WV, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.

Oclaro designs, manufactures, and markets lasers and optical components, modules, and subsystems. Headquartered in San Jose, CA, the company will be added to the S&P SmallCap 600 GICS Communications Equipment Sub-Industry Index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX - APRIL 12, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

United Bankshares

Financials

Regional Banks

DELETED

WhiteWave Foods

Consumer Staples

Packaged Foods & Meats

 

S&P SMALLCAP 600 INDEX - APRIL 12, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Oclaro

Information Technology

Communications Equipment

DELETED

United Bankshares

Financials

Regional Banks

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FOR MORE INFORMATION:

Soogyung Jordan
Global Head of Communications 
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com

 

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SOURCE S&P Dow Jones Indices

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