Sterling Infrastructure Set to Join S&P SmallCap 600
Patterson Companies (PDCO) is set to be removed from the S&P SmallCap 600 index as Patient Square Capital is finalizing its acquisition of the company. The change will take effect prior to market opening on April 17, 2025.
Sterling Infrastructure (STRL) will replace Patterson Companies in the index. The modification reflects the pending completion of Patterson Companies' acquisition, subject to final closing conditions.
Patterson Companies (PDCO) sarà rimossa dall'indice S&P SmallCap 600 poiché Patient Square Capital sta finalizzando l'acquisizione della società. La modifica entrerà in vigore prima dell'apertura del mercato il 17 aprile 2025.
Sterling Infrastructure (STRL) sostituirà Patterson Companies nell'indice. Questa variazione riflette il completamento imminente dell'acquisizione di Patterson Companies, soggetta alle condizioni finali di chiusura.
Patterson Companies (PDCO) será eliminada del índice S&P SmallCap 600 ya que Patient Square Capital está finalizando la adquisición de la compañía. El cambio tendrá efecto antes de la apertura del mercado el 17 de abril de 2025.
Sterling Infrastructure (STRL) reemplazará a Patterson Companies en el índice. La modificación refleja la próxima finalización de la adquisición de Patterson Companies, sujeta a las condiciones finales de cierre.
Patterson Companies (PDCO)는 Patient Square Capital이 회사 인수를 마무리함에 따라 S&P SmallCap 600 지수에서 제외될 예정입니다. 이 변경은 2025년 4월 17일 시장 개장 전에 시행됩니다.
Sterling Infrastructure (STRL)가 Patterson Companies를 지수에서 대체할 것입니다. 이 변경은 최종 인수 완료를 반영하며, 최종 마감 조건에 따릅니다.
Patterson Companies (PDCO) sera retirée de l'indice S&P SmallCap 600 car Patient Square Capital finalise l'acquisition de la société. Ce changement prendra effet avant l'ouverture du marché le 17 avril 2025.
Sterling Infrastructure (STRL) remplacera Patterson Companies dans l'indice. Cette modification reflète la finalisation imminente de l'acquisition de Patterson Companies, sous réserve des conditions finales de clôture.
Patterson Companies (PDCO) wird aus dem S&P SmallCap 600-Index entfernt, da Patient Square Capital die Übernahme des Unternehmens abschließt. Die Änderung tritt vor Markteröffnung am 17. April 2025 in Kraft.
Sterling Infrastructure (STRL) wird Patterson Companies im Index ersetzen. Die Anpassung spiegelt den bevorstehenden Abschluss der Übernahme von Patterson Companies wider, vorbehaltlich der endgültigen Abschlussbedingungen.
- Acquisition by Patient Square Capital indicates premium value for shareholders
- Delisting from S&P SmallCap 600 index may impact stock liquidity
- Loss of index-based institutional investment following removal from the index
Insights
This announcement confirms Patient Square Capital's acquisition of Patterson Companies is nearing completion, with final closing conditions pending. The transaction is significant enough to trigger Patterson's removal from the S&P SmallCap 600 index effective April 17, with Sterling Infrastructure taking its place.
Index removals due to acquisitions are standard procedure when public companies transition to private ownership. For current PDCO shareholders, this signals the transaction is proceeding on schedule and the ownership change is imminent. While the announcement doesn't disclose the financial terms of the acquisition, it serves as confirmation that the regulatory and closing process is nearing its final stages.
For institutional investors tracking the S&P SmallCap 600, this change requires portfolio adjustments, as index funds must sell their PDCO positions and acquire Sterling Infrastructure shares to maintain proper index tracking. This type of rebalancing typically creates temporary trading volume increases in both securities as the effective date approaches.
The announcement represents a milestone in Patterson's transition from public to private ownership under Patient Square Capital. Once completed, PDCO shareholders will receive the previously agreed-upon compensation, and the company will no longer trade on public markets.
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 | |
April 17, 2025 | S&P SmallCap 600 | Addition | Sterling Infrastructure | STRL | Industrials | |
April 17, 2025 | S&P SmallCap 600 | Deletion | Patterson Companies | PDCO | 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
spdji.comms@spglobal.com
View original content:https://www.prnewswire.com/news-releases/sterling-infrastructure-set-to-join-sp-smallcap-600-302428171.html
SOURCE S&P Dow Jones Indices
FAQ
When will Patterson Companies (PDCO) be removed from the S&P SmallCap 600 index?
Which company is acquiring Patterson Companies (PDCO)?
What company will replace PDCO in the S&P SmallCap 600?
What sector does Patterson Companies (PDCO) belong to in the S&P SmallCap 600?
