Motorcar Parts of America Set to Join the S&P SmallCap 600

Loading...
Loading...

NEW YORK, Oct. 19, 2015 /PRNewswire/ -- Motorcar Parts of America Inc. MPAA will replace OM Group Inc. OMG in the S&P SmallCap 600 after the close of trading on Thursday, October 22. Apollo Global Management APO is acquiring OM Group in a deal expected to be completed on or about that date pending final conditions.

Motorcar Parts of America remanufactures, manufactures, and distributes automotive aftermarket parts.  Headquartered in Torrance, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Auto Parts & Equipment Sub-Industry index.

Following is a summary of the change:

 

S&P SMALLCAP 600 INDEX – October 22, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Motorcar Parts of

America

Consumer Discretionary

Auto Parts & Equipment

DELETED

OM Group

Materials

Specialty Chemicals

 

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.

For more information about S&P Dow Jones Indices, please visit www.spdji.com 

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.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), 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.

S&P DJI MEDIA CONTACTS:

David Blitzer
Managing Director and Chairman of Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com

David R. Guarino
Head of Communications
New York, USA
(+1) 212 438 1471
dave.guarino@spdji.com

 

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/motorcar-parts-of-america-set-to-join-the-sp-smallcap-600-300162382.html

SOURCE S&P Dow Jones Indices

Loading...
Loading...
Posted In: Press Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...