Diebold Nixdorf joins S&P SmallCap 600 as Sealed Air exits
Diebold Nixdorf Inc. will replace Sealed Air Corp. in the S&P SmallCap 600 index on April 10. The change follows the acquisition of Sealed Air by Clayton, Dubilier & Rice LLC. The transition occurs even as the acquisition finalizes on April 9.
Index Replacement
Diebold Nixdorf Inc., a technology company listed on the NYSE under the ticker DBD, will join the S&P SmallCap 600 index. This move is set to take effect before the market opens on April 10. Sealed Air Corp., currently part of the index, is being acquired by Clayton, Dubilier & Rice LLC. The acquisition is expected to be completed by April 9, prompting the index change.
Acquisition Details
Clayton, Dubilier & Rice LLC is acquiring Sealed Air Corp., which trades under the ticker SEE on the NYSE. The acquisition deal is anticipated to close on April 9, a day before the index change. This acquisition leads to Sealed Air's removal from the S&P SmallCap 600, making way for Diebold Nixdorf's inclusion.
What's Next
The S&P SmallCap 600 index will reflect these changes on April 10. It remains unclear how this will impact the stock performance of Diebold Nixdorf and Sealed Air.
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Diebold Nixdorf joins S&P SmallCap 600 as Sealed Air exits
