|By PR Newswire||
|January 27, 2014 06:03 PM EST||
NEW YORK, Jan. 27, 2014 /PRNewswire/ -- ONE Gas Inc. (NYSE: OGSwi) will replace Valassis Communications Inc. (NYSE: VCI) in the S&P MidCap 400 after the close of trading on Friday, January 31. S&P 500 constituent ONEOK Inc. (NYSE: OKE) is spinning off ONE Gas in a transaction expected to be completed after the close of trading on that date. Valassis Communications is being acquired by Harland Clarke Holdings Corp. in a deal expected to be completed soon pending final conditions. ONEOK Inc. will remain in the S&P 500.
ONE Gas operates as a regulated natural gas distribution utility company. Headquartered in Tulsa, OK, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Gas Utilities Sub-Industry index.
Following is a summary of the change:
S&P MIDCAP 400 INDEX – January 31, 2014
GICS ECONOMIC SECTOR
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
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
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