NEW YORK, March 20, 2012 /PRNewswire/ -- S&P SmallCap 600 constituent Wright Express Corp. (NYSE: WXS) will replace Southern Union Co. (NYSE: SUG) in the S&P MidCap 400 index, and CVB Financial Corp. (NASD: CVBF) will replace Wright Express in the S&P SmallCap 600 index after the close of trading on Monday, March 26. Energy Transfer Equity, L.P. (NYSE: ETE) is acquiring Southern Union in a deal expected to be completed on or about that date, pending final conditions.
Wright Express is a provider of payment processing and information management services. Headquartered in South Portland, ME, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Data Processing & Outsourced Services Sub-Industry index.
CVB Financial provides banking and trust services. Headquartered in Ontario, CA, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX- March 26, 2012 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Wright Express | Information Technology | Data Processing & Outsourced Services |
DELETED | Southern Union | Energy | Oil & Gas Storage & Transportation |
S&P SMALLCAP 600 INDEX- March 26, 2012 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | CVB Financial | Financials | Regional Banks |
DELETED | Wright Express | Information Technology | Data Processing & Outsourced Services |
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