NEW YORK, Sept. 28, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes in the S&P SmallCap 600 effective prior to the open of trading on Friday, October 6:
- Par Pacific Holdings Inc. (NYSE American: PARR) will replace Forestar Group Inc. (NYSE: FOR). D.R. Horton Inc. (NYSE: DHI) is acquiring 75% of the outstanding shares of Forestar in a deal expected to be completed soon pending final conditions. Post acquisition, Forestar's publicly available float will drop well below 50%, making it ineligible for continued inclusion the S&P SmallCap 600.
- Photronics Inc. (NASD: PLAB) will replace Atwood Oceanics Inc. (NYSE: ATW). Ensco plc (NYSE: ESV) is acquiring Atwood Oceanics in a deal expected to be completed soon pending final closing conditions.
Par Pacific Holdings owns, manages and maintains interests in energy and infrastructure businesses. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Oil & Gas Refining & Marketing Sub-Industry index.
Photronics is a manufacturer of photomasks. Headquartered in Brookfield, CT, the company will be added to the S&P SmallCap 600 GICS Semiconductor Equipment Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – OCTOBER 6, 2017
GICS ECONOMIC SECTOR
Oil & Gas Refining & Marketing
Real Estate Development
Oil & Gas Drilling
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