Market Overview

Ultimate Software Group Set to Join the S&P MidCap 400 and Consolidated Communications to Join the S&P SmallCap 600


NEW YORK, Aug. 11, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:

  • The Ultimate Software Group Inc. (NASD: ULTI) will replace The Hillshire Brands Co. (NYSE: HSH) in the S&P MidCap 400 after the close of trading on Thursday, August 14. S&P 500 constituent Tyson Foods Inc. (NYSE: TSN) is acquiring The Hillshire Brands in a deal expected to be completed soon pending final approvals.
  • Consolidated Communications Holdings Inc. (NASD: CNSL) will replace Taylor Capital Group Inc. (NASD: TAYC) in the S&P SmallCap 600 after the close of trading on Monday, August 18. MB Financial Inc. (NASD: MBFI) is acquiring Taylor Capital Group in a deal expected to be completed on or about that date.

The Ultimate Software Group provides cloud-based human capital management solutions. Headquartered in Weston, FL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Application Software Sub-Industry index.

Consolidated Communications Holdings provides a range of communications services to residential and business clients. Headquartered in Mattoon, IL, the company will be added to the S&P SmallCap 600 GICS Integrated Telecommunication Services Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – August 14, 2014





The Ultimate Software Group

Information Technology

Application Software


The Hillshire Brands

Consumer Staples

Packaged Foods & Meats


S&P SMALLCAP 600 INDEX – August 18, 2014





Consolidated Communications

Telecommunication Services

Integrated Telecommunication Services


Taylor Capital Group


Regional Banks


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.

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

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, 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.

For more information:

Dave Guarino
S&P Dow Jones Indices
(212) 438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(212) 438-3907

SOURCE S&P Dow Jones Indices

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