SYS-CON MEDIA Authors: Liz McMillan, Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel

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Mallinckrodt Set to Join the S&P 500; Rowan to Join S&P MidCap 400; GulfMark Offshore to Join S&P SmallCap 600

NEW YORK, Aug. 14, 2014 /PRNewswire/ -- S&P MidCap 400 constituent Mallinckrodt plc (NYSE:MNK) will replace Rowan Companies plc (NYSE:RDC) in the S&P 500, Rowan will replace Mallinckrodt in the S&P MidCap 400, and GulfMark Offshore Inc. (NYSE:GLF) will replace Questcor Pharmaceuticals Inc.  (NASD:QCOR) in the S&P SmallCap 600 after the close of trading on Monday, August 18. Mallinckrodt is acquiring Questcor Pharmaceuticals in a deal expected to be completed tonight.

Mallinckrodt develops, manufactures, markets, and distributes branded and generic specialty pharmaceuticals, active pharmaceutical ingredients, and diagnostic imaging agents. Headquartered in Dublin, Ireland, the company will be added to the S&P 500 GICS (Global Industry Classification) Pharmaceuticals Sub-Industry index.

Rowan Companies provides offshore oil and gas contract drilling services. Headquartered in Houston, TX, the company will be added to the S&P MidCap 400 GICS Oil & Gas Drilling Sub-Industry index.

GulfMark Offshore provides offshore marine support and transportation services. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Equipment & Services Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX – August 18, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Mallinckrodt

Health Care

Pharmaceuticals

DELETED

Rowan

Energy

Oil & Gas Drilling

 

S&P MIDCAP 400 INDEX – August 18, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Rowan

Energy

Oil & Gas Drilling

DELETED

Mallinckrodt

Health Care

Pharmaceuticals

 

S&P SMALLCAP 600 INDEX – August 18, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Gulfmark Offshore

Energy

Oil & Gas Equipment & Services

DELETED

Questcor Pharmaceuticals

Health Care

Pharmaceuticals

 

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 1,000,000 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.  

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").  These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

For more information:

David Blitzer 
Managing Director and Chairman of the Index Committee 
S&P Dow Jones Indices 
(212) 438 3907 
[email protected] 

David R. Guarino 
Communications 
S&P Dow Jones Indices 
(212) 438 1471 
[email protected] 

SOURCE S&P Dow Jones Indices

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