|Back to main|
Time Set to Join S&P MidCap 400; Bob Evans Farms to Join S&P SmallCap 600
NEW YORK, June 2, 2014 /PRNewswire/ -- Time Inc. (NYSE: TIMEwi) will replace Bob Evans Farms Inc. (NASD:BOBE) in the S&P MidCap 400, and Bob Evans Farms will replace Blyth Inc. (NYSE:BTH) in the S&P SmallCap 600 effective after the close of trading on Friday, June 6. S&P 100 & 500 constituent Time Warner Inc. (NYSE:TWX) is spinning off Time to shareholders in a transaction expected to be completed after the close of trading on that date. Post spin, Time Warner will remain in the S&P 100 & 500 indices. Bob Evans Farms is ranked # 400 in the S&P MidCap 400 and is more appropriate for the S&P SmallCap 600. Blyth is ranked near the bottom of the S&P SmallCap 600 and is no longer representative of that index.
Time publishes magazines. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Publishing Sub-Industry index.
Bob Evans Farms owns and operates full-service restaurants. Headquartered in Columbus, OH, the company will be added to the S&P SmallCap 600 GICS Restaurants Sub-Industry index.
Following is a summary of the changes:
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
About S&P Dow Jones Indices
Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
For more information:
David R. Guarino
SOURCE S&P Dow Jones Indices