Easterly Government Properties and Cutera Set to Join S&P SmallCap 600
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PR Newswire 7-Dec-2017 6:11 PM
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NEW YORK, Dec. 7, 2017 /PRNewswire/ --S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600:
Easterly Government Properties Inc. (NYSE: DEA) will replace PharMerica Corp. (NYSE: PMC) effective prior to the open of trading on Tuesday, December 12. KKR and affiliates acquired PharMerica in a transaction completed today.
Cutera Inc. (NASD: CUTR) will replace Tesco Corp. (NASD: TESO) effective prior to the open of trading on Friday, December 15. S&P MidCap 400 constituent Nabors Industries Ltd. (NYSE: NBR) is acquiring Tesco in a deal expected to be completed on or about that date, pending final conditions.
Easterly Government Properties, a real estate investment trust (REIT), focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Headquartered in Washington, DC, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Office REITs Sub-Industry index.
Cutera designs, develops, manufactures, markets, and services laser and other energy based aesthetics systems. Headquartered in Brisbane, CA, the company will be added to the S&P SmallCap 600 GICS Health Care Equipment Sub-Industry index.
Following is a summary of the changes:
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S&P SMALLCAP 600 INDEX DECEMBER 12, 2017
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Easterly Government Properties Real Estate Office REITs
DELETED PharMerica Health Care Health Care Distributors
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S&P SMALLCAP 600 INDEX DECEMBER 15, 2017
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Cutera Health Care Health Care Equipment
DELETED Tesco Energy Oil & Gas Equipment & Services
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FOR MORE INFORMATION:
David Blitzer Managing Director and Chairman of the Index CommitteeNew York, USA(+1) 212 438 3907david.blitzer@spglobal.com
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Media Inquiriesspdji_communications@spglobal.com
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