LGI Homes Set to Join the S&P SmallCap 600

Loading...
Loading...

NEW YORK, July 20, 2016 /PRNewswire/ -- LGI Homes Inc. LGIH will replace Krispy Kreme Doughnuts Inc. KKD in the S&P SmallCap 600 after the close of trading on Wednesday, July 27. JAB Holdings is acquiring Krispy Kreme Doughnuts in a deal expected to be completed on or about that date pending final approvals.

LGI Homes engages in the design, construction, marketing, and sale of new homes. Headquartered in The Woodlands, TX, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Homebuilding Sub-Industry index.

Following is a summary of the change:

S&P SMALLCAP 600 INDEX – JULY 27, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

LGI Homes

Consumer Discretionary

Homebuilding

DELETED

Krispy Kreme

Consumer Discretionary

Restaurants

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 is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global SPGI, which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

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

Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lgi-homes-set-to-join-the-sp-smallcap-600-300301757.html

SOURCE S&P Dow Jones Indices

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
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...