NEW YORK, Aug. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400:
- Penske Automotive Group Inc. (NYSE: PAG) will replace Univar Solutions Inc. (NYSE: UNVR) in the S&P MidCap 400 effective prior to the opening of trading on Friday, August 4 . Apollo Global Management Inc. (NYSE: APO) acquired Univar Solutions in a deal that closed today.
- Erie Indemnity Co. (NASD: ERIE ) will replace PDC Energy Inc. (NASD: PDCE) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, August 8 . S&P 500 & 100 constituent Chevron Corp. (NYSE: CVX) is acquiring PDC Energy in a deal expected to be completed soon pending final conditions.
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 |
August 4, 2023 | S&P MidCap 400 | Addition | Penske Automotive Group | PAG | Consumer Discretionary |
S&P MidCap 400 | Deletion | Univar Solutions | UNVR | Industrials | |
August 8, 2023 | S&P MidCap 400 | Addition | Erie Indemnity | ERIE | Financials |
S&P MidCap 400 | Deletion | PDC Energy | PDCE | Energy |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
S&P Dow Jones Indices
[email protected]
Media Inquiries
[email protected] com
SOURCE S&P Dow Jones Indices
