NEW YORK, Aug. 9 /PRNewswire/ -- S&P will make the
following changes to the S&P SmallCap 600 Index:
- Orion Marine Group Inc. (NYSE: ORN) will replace Odyssey
HealthCare Inc. (Nasdaq: ODSY) after the close of trading on
Monday, August 16. Odyssey HealthCare
is being acquired by S&P Small Cap 600 constituent Gentiva
Health Services Inc. (Nasdaq: GTIV) in a deal expected to close on
or about that date pending final approvals.
- Kirkland's Inc. will replace
Stanley Inc. (NYSE: SXE) after the close of trading on Monday, August 16. Stanley is being acquired by
S&P/TSX Composite constituent CGI Group Inc. in a tender offer
expected to expire on or about that date.
- Volterra Semiconductor Corp. (Nasdaq: VLTR) will replace Phase
Forward Inc. (Nasdaq: PFWD) after the close of trading on a date to
be announced. Phase Forward is being acquired by S&P 500
constituent Oracle Corp. (Nasdaq: ORCL) in a deal expected to close
soon, pending final approvals.
Standard & Poor's will monitor these transactions, and post
any relevant updates on its website: www.standardandpoors.com.
Orion Marine Group operates as a marine specialty contractor.
Headquartered in Houston, TX, the
company will be added to the S&P SmallCap 600 GICS (Global
Industry Classification Standard) Construction & Engineering
Sub-Industry index.
Kirkland's operates as a
specialty retailer. Headquartered in Nashville, TN, the company will be added to
the S&P SmallCap 600 GICS Homefurnishing Retail Sub-Industry
index.
Volterra Semiconductor engages in the design, development, and
marketing of analog and mixed-signal power management
semiconductors. Headquartered in Fremont,
CA, the company will be added to the S&P SmallCap 600
GICS Semiconductors Sub-Industry index.
Following is a summary of the changes:
|
|
S&P SMALLCAP 600
INDEX – August 16,
2010
|
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Orion Marine Group
|
Industrials
|
Construction &
Engineering
|
|
|
Kirkland's
|
Consumer
Discretionary
|
Homefurnishing Retail
|
|
DELETED
|
Odyssey HealthCare
|
Health Care
|
Health Care Services
|
|
|
Stanley
|
Industrials
|
Aerospace &
Defense
|
|
|
|
|
|
|
|
|
|
S&P
SMALLCAP 600 INDEX –
TBA
|
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Volterra
Semiconductor
|
Information
Technology
|
Semiconductors
|
|
DELETED
|
Phase Forward
|
Health Care
|
Health Care
Technology
|
|
|
|
|
|
|
|
About S&P Indices
S&P Indices, the world's leading index provider, maintains a
wide variety of investable and benchmark indices to meet an array
of investor needs. Over $1.25
trillion is directly indexed to Standard & Poor's family
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index, and the S&P National AMT-Free Municipal Bond Index, the
premier investable index for U.S. municipal bonds. For more
information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies
(NYSE: MHP), is the world's foremost provider of independent credit
ratings, indices, risk evaluation, investment research and data.
With offices in 23 countries and markets, Standard & Poor's is
an essential part of the world's financial infrastructure and has
played a leading role for 150 years in providing investors with the
independent benchmarks they need to feel more confident about their
investment and financial decisions. For more information, visit
http://www.standardandpoors.com.
SOURCE Standard & Poor's
Copyright g. 9 PR Newswire