NEW YORK, Aug. 21, 2018 /PRNewswire/ — iStar Inc (NYSE: STAR) will replace A. Schulman Inc (NASD: SHLM) in the S&P SmallCap 600 effective prior to the open of trading on Monday, August 27. S&P 500 constituent LyondellBasell Industries NV (NYSE: LYB) is acquiring Schulman in a deal expected to be completed today.
iStar finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 Global Industry Classification Standard (GICS) Diversified REIT’s Sub-Industry index.
Following is a summary of the change:
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S&P SMALLCAP 600 INDEX – AUGUST 27, 2018 |
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COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
iStar |
Real Estate |
Diversified REIT’s |
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DELETED |
A. Schulman |
Materials |
Specialty Chemicals |
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