Middlesex Water Set to Join S&P SmallCap 600

Rhea-AI Summary

Middlesex Water Co. (MSEX) is set to join the S&P SmallCap 600 index on July 15, 2021, replacing Luminex Corp. (LMNX), which is being acquired by DiaSorin S.p.A. This change will be effective prior to the market's opening on that date. The addition of Middlesex Water underscores its growth and stability in the utilities sector, while Luminex's removal reflects the implications of its pending acquisition. The decision was made by S&P Dow Jones Indices, which oversees significant financial market indicators.

Positive

• Middlesex Water Co. is being added to the S&P SmallCap 600 index, enhancing its visibility and potentially attracting more investors.
• This inclusion reflects a positive market sentiment about Middlesex in the utilities sector, indicating growth potential.

Negative

• Luminex Corp. is being removed from the S&P SmallCap 600 index due to its acquisition by DiaSorin S.p.A., which could limit its market presence.

NEW YORK, July 12, 2021 /PRNewswire/ -- Middlesex Water Co. (NASD: MSEX) will replace Luminex Corp. (NASD: LMNX) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, July 15. DiaSorin S.p.A. is acquiring Luminex in a deal expected to be completed soon pending final closing conditions.

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

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
July 15, 2021	S&P SmallCap 600	Addition	Middlesex Water	MSEX	Utilities
	S&P SmallCap 600	Deletion	Luminex	LMNX	Health Care

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

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
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View original content:https://www.prnewswire.com/news-releases/middlesex-water-set-to-join-sp-smallcap-600-301331958.html

SOURCE S&P Dow Jones Indices

FAQ

When will Middlesex Water Co. be added to the S&P SmallCap 600?

Middlesex Water Co. will be added to the S&P SmallCap 600 on July 15, 2021.

What is happening to Luminex Corp. in the S&P SmallCap 600?

Luminex Corp. is being removed from the S&P SmallCap 600 due to its pending acquisition by DiaSorin S.p.A.

What does the addition of MSEX to the S&P SmallCap 600 mean for investors?

The addition of Middlesex Water Co. (MSEX) to the S&P SmallCap 600 may enhance its visibility and attract more institutional investors.

What are the implications of DiaSorin acquiring Luminex?

DiaSorin's acquisition of Luminex may lead to a reduction in Luminex's market presence and impact its stock performance.