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ONE Gas Set to Join the S&P MidCap 400

NEW YORK, Jan. 27, 2014 /PRNewswire/ -- ONE Gas Inc. (NYSE: OGSwi) will replace Valassis Communications Inc. (NYSE: VCI) in the S&P MidCap 400 after the close of trading on Friday, January 31. S&P 500 constituent ONEOK Inc. (NYSE: OKE) is spinning off ONE Gas in a transaction expected to be completed after the close of trading on that date. Valassis Communications is being acquired by Harland Clarke Holdings Corp. in a deal expected to be completed soon pending final conditions. ONEOK Inc. will remain in the S&P 500.

ONE Gas operates as a regulated natural gas distribution utility company. Headquartered in Tulsa, OK, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Gas Utilities Sub-Industry index.

Following is a summary of the change:

S&P MIDCAP 400 INDEX – January 31, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

ONE Gas

Utilities

Gas Utilities

DELETED

Valassis Communications

Consumer Discretionary

Publishing

 

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 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.  

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").  These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

For more information:

Dave Guarino
Communications
S&P Dow Jones Indices
[email protected]
(212) 438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
[email protected]
(212) 438-3907


SOURCE S&P Dow Jones Indices

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