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MGM Resorts, ResMed, Packaging Corporation of America, A.O. Smith and Duke Realty Set to Join S&P 500; Others to Join S&P MidCap 400

NEW YORK, July 19, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500 and S&P MidCap 400 indices effective prior to the open of trading on Wednesday, July 26:

  • MGM Resorts Int'l. (MGM) will replace Reynolds American Inc. (RAI) in the S&P 500. British American Tobacco plc (NYSE MKT:BTI) is acquiring Reynolds American in a deal expected to be completed on July 25, pending final conditions.
  • S&P MidCap 400 constituents ResMed Inc. (RMD), Packaging Corporation of America (PKG), A.O. Smith Corp. (AOS) and Duke Realty Corp. (DRE) will replace Mallinckrodt plc (MNK), Murphy Oil Corp. (MUR), Bed Bath & Beyond Inc. (BBBY) and Transocean Ltd. (RIG) respectively, in the S&P 500. Mallinckrodt, Murphy Oil, Bed Bath & Beyond and Transocean will replace ResMed, Packaging Corporation of America, A.O. Smith and Duke Realty, respectively in the S&P MidCap 400. All stocks moving to the S&P 500 have total market capitalizations above $10 billion making them more representative of the large-cap market space. All stocks moving to the S&P MidCap 400 have total market capitalizations below $4.5 billion making them more representative of the mid-cap market space.

MGM Resorts owns and operates casino resorts. Headquartered in Las Vegas, NV, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Casinos & Gaming Sub-Industry index.

ResMed designs, manufactures, distributes, and markets medical devices and cloud-based software applications. Headquartered in San Diego, CA, the company will be added to the S&P 500 GICS Health Care Equipment Sub-Industry...


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