Pharmaceutical

- Organon & Co. (NYSE: OGN) will be added to the S&P 500 prior to the open of trading on Thursday, June 3 replacing HollyFrontier, which will be removed from the S&P 500 effective prior to the open of trading on Friday, June 4 .

HollyFrontier will replace Service Properties Trust (NASD:SVC) in the S&P MidCap 400, and Service Properties Trust will replace Lannett Co Inc. (NYSE:LCI) in the S&P SmallCap 600 also effective prior to the open on June 4 . S&P 500 and 100 constituent Merck & Co (NYSE: MRK) is spinning off Organon (NYSE: OGN) in a transaction expected to be completed post close on Wednesday, June 2 . Post spin-off, Merck will remain in the S&P 500 and 100 indices.  HollyFrontier has a market capitalization more representative of the mid-cap market space. Lannett is no longer representative of the small-cap market space.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name

Action

Company Name

Ticker

GICS Sector

June 3, 2021

S&P 500

Addition

Organon

OGN

Health Care

June 4, 2021

S&P 500

Deletion

HollyFrontier

HFC

Energy


S&P MidCap 400

Addition

HollyFrontier

HFC

Energy


S&P MidCap 400

Deletion

Service Properties Trust

SVC

Real Estate


S&P SmallCap 600

Addition

Service Properties Trust

SVC

Real Estate


S&P SmallCap 600

Deletion

Lannett Co

LCI

Health Care

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Cision View original content: http://www.prnewswire.com/news-releases/organon-set-to-join-sp-500-hollyfrontier-to-join-sp-midcap-400-service-properties-trust-to-join-sp-smallcap-600-301301349.html

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