Index Changes: Carlyle Group (CG) and WP Carey (WPC) to join S&P MidCap 400; ICU Medical (ICUI), Worthington Industries (WOR), Clearway Energy (CWEN) to join S&P SmallCap 600
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Carlyle Group (CG) will replace ICU Medical (ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (PACW) in the S&P SmallCap 600.
- Banc of California (BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600.
- ICU Medical is more representative of the small-cap market space.
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WP Carey (WPC) will replace Worthington Industries (WOR) in the S&P MidCap 400. Worthington Industries will replace Avantax (AVTA) in the S&P SmallCap 600.
- Aretec Group, Inc. is acquiring Avantax in a deal expected to be completed soon pending final closing conditions.
- Worthington Industries is more appropriate for the S&P SmallCap 600 with an anticipated spin-off transaction expected to be completed in early December.
- Clearway Energy (CWEN) will replace Veritiv Corporation (VRTV) in the S&P SmallCap 600.
- Clayton, Dubilier & Rice, LLC is to acquire Veritiv Corporation in a deal expected to be completed soon, pending final closing conditions.
Changes effective prior to the open of trading on Thursday, November 30