International Seaways Set to Join S&P SmallCap 600
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International Seaways Inc. (NYSE: INSW) will join the S&P SmallCap 600, replacing Consolidated Communications Holdings (NASD: CNSL) due to its acquisition by Searchlight Capital Partners and BCI. The change is effective before trading on December 30.
December 23, 2024 | 11:00 pm
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POSITIVE IMPACT
International Seaways Inc. will be added to the S&P SmallCap 600, which could increase its visibility and attract more investors.
Being added to the S&P SmallCap 600 can increase a company's visibility and attract institutional investors who track the index, potentially leading to a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Consolidated Communications Holdings will be removed from the S&P SmallCap 600 due to its acquisition by Searchlight Capital Partners and BCI.
The removal from the S&P SmallCap 600 is due to the acquisition, which is a neutral event for the stock price as it is being acquired.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80