IDEXX Laboratories to Join S&P 500

NEW YORK — Maine’s IDEXX Laboratories, (NASD: IDXX) will replace St. Jude Medical, Inc. (NYSE: STJ) in the S&P 500 at the close of trading today.

Also, S&P SmallCap 600 constituent The Chemours Company (NYSE: CC) will replace IDEXX in the S&P MidCap 400, and Shake Shack Inc. (NYSE: SHAK) will replace Chemours in the S&P SmallCap 600 after the close of trading today. Abbott Laboratories (NYSE: ABT) is acquiring St. Jude Medical in a deal expected to close today.

IDEXX Laboratories, Inc. develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, water testing, and dairy markets. Headquartered in Westbrook, ME, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.

The Chemours Company is a chemical company that provides titanium technologies, fluoroproducts, and chemical solutions. Headquartered in Wilmington, DE, the company will be added to the S&P MidCap 400 GICS Diversified Chemicals Sub-Industry index.

Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants. Headquartered in New York, the Company will be added to the S&P SmallCap 600 GICS Restaurants Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX – January 4, 2017

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

IDEXX

Health Care

Health Care Equipment

DELETED

St. Jude

Health Care

Health Care Equipment

S&P MIDCAP 400 INDEX – January 4, 2017

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Chemours

Materials

Diversified Chemicals

DELETED

IDEXX

Health Care

Health Care Equipment

S&P SMALLCAP 600 INDEX – January 4, 2017

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Shake Shack

Consumer Discretionary

Restaurants

DELETED

Chemours

Materials

Diversified Chemicals