S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
• S&P SmallCap 600 constituent Omnicell Inc will replace Coherent Inc. in the S&P MidCap 400, and Stride Inc will replace Omnicell in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. S&P MidCap 400 constituent II-VI Inc. is acquiring Coherent in a deal expected to be completed on July 1, pending final closing conditions.
• S&P SmallCap 600 constituent Southwestern Energy Co. will replace CDK Global Inc. in the S&P MidCap 400, and Frontdoor Inc. will replace Southwestern Energy in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 6. Brookfield Business Partners LP is acquiring CDK Global in a tender offer expected to be completed on July 5.
• Ormat Technologies Inc. will replace CMC Materials Inc. in the S&P MidCap 400 effective prior to the opening of trading on Thursday, July 7. Entegris Inc. is acquiring CMC Materials in a transaction expected to be completed on July 6.
• Enhabit Inc. will replace Loyalty Ventures Inc. in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. S&P MidCap 400 constituent Encompass Health Corp. is spinning off Enhabit in a transaction expected to be completed prior to the open on Friday, July 1, pending final conditions. Loyalty Ventures is no longer representative of the small-cap market space.
• Sun Country Airlines Holdings Inc. will replace Neenah Inc. in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. Schweitzer-Mauduit International Inc. is acquiring Neenah in a transaction expected to be completed on July 1.
