Standard & Poor's Announces Changes to U.S. Indices
NEW YORK, Feb. 23, 2011 /PRNewswire/ -- S&P MidCap 400 constituent Navigant Consulting Inc. (NCI) will replace Genoptix Inc. (GXDX) in the S&P SmallCap 600 index, and Northern Oil and Gas Inc. (NOG) will replace Navigant Consulting in the S&P MidCap 400 after the close of trading on Friday, February 25, 2011.
Genoptix is being acquired by S&P Global 1200 constituent Novartis AG in a deal expected to be completed soon, pending final conditions. Navigant Consulting's market capitalization is below $490 million, making it more representative of the small cap space. Navigant Consulting is a specialty consulting firm. Headquartered in Chicago, IL, the company will be added to the S&P Small Cap 600 GICS (Global Industry Classification Standard) Research & Consulting Services Sub-Industry index.
Northern Oil and Gas acquires, explores and develops oil and natural gas properties. Headquartered in Wayzata, MN, the company will be added to the S&P Midcap 400 GICS Oil & Gas Exploration & Production Sub-Industry index.