Cyberonics Set to Join the S&P MidCap 400; Ruckus Wireless to Join S&P SmallCap 600

NEW YORK, Oct. 5, 2015 /PRNewswire/ -- S&P SmallCap 600 constituent Cyberonics Inc. (NASD:CYBX) will replace Home Properties Inc. (NYSE:HME) in the S&P MidCap 400, and Ruckus Wireless Inc. (NYSE:RKUS) will replace Cyberonics in the S&P SmallCap 600 after the close of trading on Wednesday, October 7. Lone Star Funds is acquiring Home Properties in a deal expected to be completed on or about that date, pending final approvals. Cyberonics is merging with Sorin SpA in a deal expected to be completed soon. Post merger, Cyberonics will change its name to LivaNova plc, and its combined market capitalization is anticipated to be more representative of the mid-cap market space.

Cyberonics designs, develops, markets, and sells medical devices.  Headquartered in Houston, TX, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.

Ruckus Wireless provides carrier-class Wi-Fi solutions to service providers and enterprises. Headquartered in Sunnyvale, CA, the company will be added to the S&P SmallCap 600 GICS Communications Equipment Sub-Industry index.

Following is a summary of the changes:

 

S&P MIDCAP 400 INDEX – October 7, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Cyberonics

Health Care

Health Care Equipment

DELETED

Home Properties

Financials

Residential REITs

 

S&P SMALLCAP 600 INDEX – October 7, 2015


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Ruckus Wireless

Information Technology

Communications Equipment

DELETED

Cyberonics

Health Care

Health Care Equipment

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.

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SOURCE S&P Dow Jones Indices

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