NEW YORK, June 28, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:

• S&P SmallCap 600 constituent Omnicell Inc (NASD: OMCL) will replace Coherent Inc. (NASD: COHR) in the S&P MidCap 400, and Stride Inc (NYSE: LRN) will replace Omnicell in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. S&P MidCap 400 constituent II-VI Inc. (NASD: IIVI) is acquiring Coherent in a deal expected to be completed on July 1, pending final closing conditions.

• S&P SmallCap 600 constituent Southwestern Energy Co. (NYSE:SWN) will replace CDK Global Inc. (NASD:CDK) in the S&P MidCap 400, and Frontdoor Inc. (NASD:FTDR) will replace Southwestern Energy in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 6. Brookfield Business Partners LP (TSX: BBU.UN) is acquiring CDK Global in a tender offer expected to be completed on July 5.

• Ormat Technologies Inc. (NYSE:ORA) will replace CMC Materials Inc. (NASD:CCMP) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, July 7. Entegris Inc. (NASD: ENTG) is acquiring CMC Materials in a transaction expected to be completed on July 6.

• Enhabit Inc. (NYSE:EHAB) will replace Loyalty Ventures Inc. (NASD:LYLT) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. S&P MidCap 400 constituent Encompass Health Corp. (NYSE: EHC) is spinning off Enhabit in a transaction expected to be completed prior to the open on Friday, July 1, pending final conditions. Loyalty Ventures is no longer representative of the small-cap market space.

• Sun Country Airlines Holdings Inc. (NASD:SNCY) will replace Neenah Inc. (NYSE:NP) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. Schweitzer-Mauduit International Inc. (NYSE: SWM) is acquiring Neenah in a transaction expected to be completed on July 1.

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

For more information about S&P Dow Jones Indices, please visit www.spdji.com

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SOURCE S&P Dow Jones Indices