MAA and AMSG to be added to S&P500; OI and LM demoted to S&P400; PZZA promoted to S&P400 index; WING added to S&P600; effective after close on Dec 1st S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Thursday, December 1:
S&P MidCap 400 constituent Mid-America Apartment Communities Inc. (NYSE:MAA) will replace Owens-Illinois Inc. (NYSE:OI) in the S&P 500, and Owens-Illinois will replace MidAmerica Apartment Communities in the S&P MidCap 400. S&P SmallCap 600 constituent Papa Johns International Inc. (NASD:PZZA) will replace Post Properties Inc. (NYSE:PPS) in the S&P MidCap 400, and Wingstop Inc. (NASD:WING) will replace Papa Johns International in the S&P SmallCap 600. Mid-America Apartment Communities is acquiring Post Properties in a deal expected to be completed on December 1 pending final conditions. Owens-Illinois is ranked near the bottom of the S&P 500 and has a market capitalization more representative of the mid-cap market space.
S&P MidCap 400 constituent AmSurg Corp. (NASD: AMSG) will replace Legg Mason Inc. (NYSE:LM) in the S&P 500, and Legg Mason will replace AmSurg in the S&P MidCap 400. AmSurg is acquiring Envision Healthcare Holdings Inc. (NYSE:EVHC) in a transaction expected to be completed on December 1 pending final conditions. Post merger, AmSurg will change its name to Envision Healthcare Corp. and its Global Industry Classification (GICS) sub industry group to Health Care Services. Legg Mason is ranked near the bottom of the S&P 500 and has a market capitalization more representative of the mid-cap market space. Mid-America Apartment Communities, a real estate investment trust (REIT), is engaged in acquisition, redevelopment, new development, property management, and disposition of multifamily apartment communities. Headquartered in Memphis, TN, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Residential REITs Sub-Industry index