j2 Global Set to Join the S&P MidCap 400; Installed Building Products to Join S&P SmallCap 600

Dec. 9, 2015 6:37 pm |  More About j2 Global


NEW YORK, Dec. 9, 2015 /PRNewswire/ -- S&P SmallCap 600 constituent j2 Global Inc. (NASD: JCOM) will replace Cytec Industries Inc. (NYSE: CYT) in the S&P MidCap 400, and Installed Building Products Inc. (NYSE: IBP) will replace j2 Global in the S&P SmallCap 600 after the close of trading on Friday, December 11. Solvay SA acquired Cytec Industries in a cash deal completed today.

j2 Global provides cloud-based, business-critical communications and storage messaging services. Headquartered in Los Angeles, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Internet Software & Services Sub-Industry index.

Installed Building Products operates as an insulation installer for the residential new construction market and an installer of complementary building products. Headquartered in Columbus, OH, the company will be added to the S&P SmallCap 600 GICS Homebuilding Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – December 11, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

j2 Global

Information Technology

Internet Software & Services

DELETED

Cytec Industries

Materials

Specialty Chemicals

 

S&P SMALLCAP 600 INDEX – December 11, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Installed Building Products

Consumer Discretionary

Homebuilding

DELETED

j2 Global

Information Technology

Internet Software & Services

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/j2-global-set-to-join-the-sp-midcap-400-installed-building-products-to-join-sp-smallcap-600-300190932.html

SOURCE S&P Dow Jones Indices

PR Newswire
December 9, 2015 - 6:37 PM EST


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