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RXO Set to Join S&P After Spinoff from XPO on Nov. 1
October 30,
2022 by HFBusiness Staff in Business Strategy, Industry 
RXO Inc. will be added to the S&P MidCap 400 prior to the opening of trading on Nov. 1, replacing Bread Financial Holdings Inc. which will move to the S&P SmallCap 600 effective prior to the opening of trading on Nov. 2.
Bread Financial Holdings will replace Unifi, Inc. in the S&P SmallCap 600 on that date. S&P MidCap 400 constituent XPO Logistics Inc. is spinning off RXO in a transaction expected to be completed on or about Nov. 1.
XPO Logistics will remain in the S&P MidCap 400 post the spin-off transaction. Bread Financial Holdings is no longer representative of the mid-cap market space, and Unifi is no longer representative of the small-cap market space.