S&P Dow Jones Indices announces SmallCap 600 membership changes

S&P Dow Jones Indices is updating the S&P SmallCap 600 index following several corporate transactions and acquisitions.

MSG Rangers Inc. is scheduled to join the index in the Communication Services sector on October 27, following Madison Square Garden Sports Corp.’s planned separation of its Rangers and Knicks businesses. Arbor Realty Trust will exit the index on October 28. Additionally, Huron Consulting Group Inc. is set to join the Industrials sector on November 2, replacing Supernus Pharmaceuticals Inc. due to its planned acquisition by Indivior Pharmaceuticals Inc.

In the Real Estate sector, Howard Hughes Holdings will join the index on October 28, replacing Arcosa. Arcosa’s removal follows its acquisition by CRH, a deal valued at approximately $8.5 billion including debt. This acquisition expands CRH’s infrastructure and aggregates operations within the United States.