Market Overview

Avis Budget Group Set to Join the S&P MidCap 400

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NEW YORK, Sept. 15, 2016 /PRNewswire/ -- Avis Budget Group, Inc. (NASD: CAR) will replace Questar Corp. (NYSE: STR) in the S&P MidCap 400 after the close of trading on Friday, September 16. S&P 500 constituent Dominion Resources, Inc. (NYSE: D) is acquiring Questar in a deal expected to be completed soon pending final approvals.

Avis Budget Group provides car and truck rentals, car sharing, and ancillary services. Headquartered in Parsippany, NJ, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Trucking Sub-Industry index.

Following is a summary of the change:

S&P MIDCAP 400 INDEX – SEPTEMBER 16, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Avis Budget Group

Industrials

Trucking

DELETED

Questar

Utilities

Gas Utilities

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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/avis-budget-group-set-to-join-the-sp-midcap-400-300329199.html

SOURCE S&P Dow Jones Indices

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