NetScout To Replace Tidewater In S&P MidCap 400

(RTTNews) - S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, Inc. (MHFI), said Friday that S&P SmallCap 600 constituent NetScout Systems Inc. (NTCT) will replace Tidewater Inc. (TDW) in the S&P MidCap 400, and Tidewater will replace NetScout Systems in the S&P SmallCap 600 after the close of trading on Friday, July 24.

NetScout Systems recently completed the acquisition of S&P 500 constituent Danaher Corp.'s (DHR) communications business making NetScout Systems' post transaction market capitalization more representative of the mid-cap market space, S&P Dow Jones Indices noted. Tidewater has a market capitalization more representative of the small-cap market space.