Academy Sports and Outdoors Set to Join S&P SmallCap 600

Rhea-AI Summary

Academy Sports and Outdoors (ASO) will replace Kraton (KRA) in the S&P SmallCap 600 index effective March 16, 2022. This change follows DL Chemical's acquisition of Kraton, which is expected to finalize on March 15. As a result, ASO will be added to the index while KRA will be removed. This shift highlights ASO's growing presence in the consumer discretionary sector.

Positive

• Addition of Academy Sports and Outdoors (ASO) to the S&P SmallCap 600 index enhances its market visibility and investor interest.
• The transition reflects ASO's strong market position within the consumer discretionary sector.

Negative

• Removal of Kraton (KRA) from the S&P SmallCap 600 may signal investor concerns regarding its future performance post-acquisition.

NEW YORK, March 11, 2022 /PRNewswire/ -- Academy Sports and Outdoors Inc. (NASD: ASO) will replace Kraton Corp. (NYSE: KRA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, March 16. DL Chemical Co., Ltd. is acquiring Kraton in a transaction expected to be completed on March 15.

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
March 16, 2022	S&P SmallCap 600	Addition	Academy Sports and Outdoors	ASO	Consumer Discretionary
	S&P SmallCap 600	Deletion	Kraton	KRA	Materials

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View original content:https://www.prnewswire.com/news-releases/academy-sports-and-outdoors-set-to-join-sp-smallcap-600-301501262.html

SOURCE S&P Dow Jones Indices

FAQ

When will Academy Sports and Outdoors be added to the S&P SmallCap 600?

Academy Sports and Outdoors (ASO) will be added to the S&P SmallCap 600 on March 16, 2022.

What is the impact of Kraton's removal from the S&P SmallCap 600?

Kraton (KRA) will be removed from the S&P SmallCap 600 effective March 16, 2022, which may impact investor sentiment about its future.

What acquisition is affecting Kraton and the S&P SmallCap 600?

DL Chemical Co., Ltd. is acquiring Kraton (KRA), with the transaction expected to complete on March 15, 2022.

What sectors do ASO and KRA belong to?

Academy Sports and Outdoors (ASO) is in the Consumer Discretionary sector, while Kraton (KRA) is in the Materials sector.

What is the significance of the S&P SmallCap 600 for ASO?

Inclusion in the S&P SmallCap 600 can enhance the visibility and trading volume for Academy Sports and Outdoors (ASO).