|By PR Newswire||
|January 23, 2014 05:42 PM EST||
NEW YORK, Jan. 23, 2014 /PRNewswire/ -- Fortinet Inc. (NASD: FTNT) will replace Harris Teeter Supermarkets Inc. (NYSE: HTSI) in the S&P MidCap 400 after the close of trading on Tuesday, January 28. S&P 500 constituent The Kroger Co. (NYSE: KR) is acquiring Harris Teeter in a deal expected to be completed on that date.
Fortinet provides network security solutions. Headquartered in Sunnyvale, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Systems Software Sub-Industry index.
Following is a summary of the change:
S&P MIDCAP 400 INDEX – January 28, 2014
GICS ECONOMIC SECTOR
Harris Teeter Supermarkets
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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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 830,000 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 www.spdji.com.
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