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Garmin Set to Join the S&P 500; R.R. Donnelly & Sons to Join S&P MidCap 400

NEW YORK, Dec. 5, 2012 /PRNewswire/ -- S&P 500 constituent R.R. Donnelley & Sons Co. (NASD: RRD) will replace Medicis Pharmaceutical Corp. (NYSE: MRX) in the S&P MidCap 400, and Garmin Ltd. (NASD: GRMN) will replace R.R. Donnelley in the S&P 500 after the close of trading on Tuesday, December 11. Valeant Pharmaceuticals International Inc. (NYSE: VRX) is acquiring Medicis in a deal expected to be completed on or about that date pending final approvals. R.R. Donnelley's market cap is more representative of the mid-cap market space.

Garmin designs, develops, manufactures, and markets global positioning system enabled products and other navigation, communication, and information products. Headquartered in Switzerland, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Consumer Electronics Sub-Industry index.

R.R. Donnelley & Sons provides integrated communication solutions to private and public sectors. Headquartered in Chicago, IL, the company will be added to the S&P MidCap 400 GICS Commercial Printing Sub-Industry index.

Following is a summary of the change:

S&P 500 INDEX – December 11, 2012


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Garmin Ltd.

Consumer Discretionary

Consumer Electronics

DELETED

R.R. Donnelley & Sons

Industrials

Commercial Printing

 

S&P MIDCAP 400 INDEX – December 11, 2012


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

R.R. Donnelly & Sons

Industrials

Commercial Printing

DELETED

Medicis Pharmaceutical

Health Care

Pharmaceuticals

 

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 subsidiary of The McGraw-Hill Companies 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 AverageSM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets 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.

It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, and their respective affiliates, parents, subsidiaries, directors, officers, shareholders, employees and agents (collectively "S&P Dow Jones Indices") does not sponsor, endorse, sell, or promote any investment fund or other vehicle that is offered by third parties and that seeks to provide an investment return based on the returns of any S&P Dow Jones Indices index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices or its affiliates do not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

STANDARD & POOR'S and S&P are registered trademarks of Standard & Poor's Financial Services LLC.  "Dow Jones" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").

SOURCE S&P Dow Jones Indices LLC

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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