US-EU Index & Corporate Actions Analyst, ORTEX

Harry Kalfas

Index Rebalance professional with expertise in assessing the impact of Corporate Actions on major U.S., EU, and global indices. Specialized in forecasting index adjustments driven by Mergers & Acquisitions, Spin-offs, IPOs, and Equity Offerings, as well as analyzing shareholder structures and calculating free float. Assessed capital flows and capital invested in major equity indices. All forecasts and analyses are derived from publicly available, reliable sources, including exchange filings, regulatory disclosures, company announcements, and ETFs, without the use of index data. Producing forecasts for both scheduled and unscheduled index rebalances while providing insights into key aspects of Corporate Actions throughout their lifecycle.

US-EU Index & Corporate Actions Analyst

DoorDash-Deliveroo $3.9B Deal Closes, Index Replacements Ahead

Honeywell Spins Off Solstice Advanced Materials: Significant Index Implications Triggered

Unilever Spins Off Magnum Ice Cream: Index Changes Ahead

Fortive Spins Off Ralliant: Big US and Global Index Implications Ahead

Prosus and Just Eat Takeaway Deal Close to Completion: Deletions Across Major Indices

Synopsys’ $35 Billion Acquisition of Ansys Closing: Major Index Changes Triggered

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

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<li>
<a href="https://www.smartkarma.com/entities/palo-alto-networks-inc" target="_blank" data-smartkarma-citation="entities:7886:1" rel="noopener">Palo Alto Networks (PANW US)</a> is acquiring <a href="https://www.smartkarma.com/entities/cyberark-software-ltd" target="_blank" data-smartkarma-citation="entities:27151:1" rel="noopener">CyberArk Software Ltd (CYBR US)</a> in a $25B stock-and-cash deal, with shareholders receiving $45 plus 2.2005 PANW shares per CYBR share.</li>
<li>The transaction is expected to close in the second half of Palo Alto’s fiscal 2026 (February–July 2026), subject to customary regulatory approvals and CyberArk shareholder consent.</li>
<li>Upon completion, the deal will trigger significant passive flows, with an upweight of <a href="https://www.smartkarma.com/entities/palo-alto-networks-inc" target="_blank" data-smartkarma-citation="entities:7886:1" rel="noopener">Palo Alto Networks (PANW US)</a> and the removal of <a href="https://www.smartkarma.com/entities/cyberark-software-ltd" target="_blank" data-smartkarma-citation="entities:27151:1" rel="noopener">CyberArk Software Ltd (CYBR US)</a> from relevant indices.</li>
</ul>



Palo Alto Networks (PANW US) is acquiring CyberArk Software Ltd (CYBR US) in a $25B stock-and-cash deal, with shareholders receiving $45 plus 2.2005 PANW shares per CYBR share.
The transaction is expected to close in the second half of Palo Alto’s fiscal 2026 (February–July 2026), subject to customary regulatory approvals and CyberArk shareholder consent.
Upon completion, the deal will trigger significant passive flows, with an upweight of Palo Alto Networks (PANW US) and the removal of CyberArk Software Ltd (CYBR US) from relevant indices.


Palo Alto's $25B CyberArk Deal: Major US and Global Index Implications Ahead