Ares Deal Spurs S&P SmallCap 600 Shuffle, Adds Centrus Energy
ARES•S&P Dow Jones Indices will add Centrus Energy to the S&P SmallCap 600 and delete Whitestone REIT effective July 14 as Ares Management closes its acquisition of Whitestone REIT. On July 8, Midera Food Processing replaces Redwood Trust following Middleby’s spin-off expected July 7.
1. Ares Management to Acquire Whitestone REIT
Ares Management Corp agreed to acquire Whitestone REIT in a transaction expected to close on or about July 14, subject to final closing conditions. The deal prompted Whitestone REIT’s removal from the S&P SmallCap 600 effective prior to the opening of trading that day.
2. S&P SmallCap 600 Index Changes
Following the acquisition, Centrus Energy Corp will replace Whitestone REIT in the S&P SmallCap 600 effective July 14. Separately, Midera Food Processing will join the index on July 8, replacing Redwood Trust after Middleby’s planned spin-off of Midera Food Processing closes July 7.
