iStar Set to Join S&P SmallCap 600

NEW YORK, Aug. 21, 2018 /PRNewswire/ -- iStar Inc (NYSE : STAR ) will replace A. Schulman Inc (NASD: SHLM) in the S&P SmallCap 600 effective prior to the open of trading on Monday, August 27. S&P 500 constituent LyondellBasell Industries NV (NYSE : LYB ) is acquiring Schulman in a deal expected to be completed today.

iStar finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 Global Industry Classification Standard (GICS) Diversified REIT's Sub-Industry index.

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SOURCE S&P Dow Jones Indices