Skyworks Solutions To Replace PetSmart In S&P 500

(RTTNews) - S&P MidCap 400 constituent Skyworks Solutions Inc. (SWKS) will replace PetSmart Inc. (NASD: PETM) in the S&P 500, S&P SmallCap 600 constituent Maximus Inc. (MMS) will replace Skyworks Solutions in the S&P MidCap 400, and Republic Airways Holdings Inc. (NASD: RJET) will replace Maximus in the S&P SmallCap 600 after the close of trading on Wednesday, March 11.

A consortium led by BC Partners Inc. is acquiring PetSmart in a deal expected to be completed on or about that date pending final approvals.

Skyworks Solutions designs, develops, manufactures, and markets analog and mixed signal semiconductors. Headquartered in Woburn, MA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Semiconductors Sub-Industry index.

Maximus provides business process services to government health and human services agencies. Headquartered in Reston, VA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Data Processing & Outsourced Services Sub-Industry inde.