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Sterling Infrastructure Set to Join S&P SmallCap 600

1. Sterling Infrastructure will replace Patterson in S&P SmallCap 600 on April 17. 2. Patient Square Capital is acquiring Patterson Companies under pending final conditions. 3. S&P Dow Jones Indices remains a leader in index-based financial products. 4. Significant assets are tied to S&P indices, influencing market behavior.

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Why Neutral?

The announcement primarily affects the S&P SmallCap 600 index, with no direct impact on SPGI. Similar past index rebalancing events have shown minimal immediate stock price fluctuation for related indices.

How important is it?

The article pertains to index restructuring but reinforces SPGI's role as an influencer in the index market. However, it lacks direct implications for SPGI's financial outlook or stock performance.

Why No Impact?

The changes are specific to the SmallCap index, not SPGI. Past changes in indices have shown little long-term effects on SPGI's core valuation.

Related Companies

STRLPDCO
, /PRNewswire/ -- Sterling Infrastructure Inc. (NASD: STRL) will replace Patterson Companies Inc. (NASD: PDCO) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, April 17. Patient Square Capital is acquiring Patterson Companies in a deal expected to be completed soon, pending final closing conditions. 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[email protected] Media Inquiries[email protected] SOURCE S&P Dow Jones Indices WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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