NEW YORK, June 13, 2011 /PRNewswire/ -- Haynes
International Inc. (NASD:HAYN) will replace Volcom Inc. (NASD:VLCM)
in the S&P SmallCap 600 index after the close of trading on
Thursday, June 16, 2011. Volcom
is being acquired by PPR S.A. in a deal expected to be completed
soon pending final approvals.
Standard & Poor's will monitor this transaction, and post
any relevant updates on its website: www.standardandpoors.com.
Haynes International is a developer, manufacturer and marketer
of high-performance nickel- and cobalt-based alloys used in
corrosion and high-temperature applications. Headquartered in
Kokomo, IN, the company will be
added to the S&P SmallCap 600 GICS (Global Industry
Classification Standard) Steel Sub-Industry index.
Following is a summary of the change:
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S&P
SMALLCAP 600 INDEX – June 16, 2011
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COMPANY
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GICS
ECONOMIC SECTOR
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GICS
SUB-INDUSTRY
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ADDED
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Haynes
International
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Materials
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Steel
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DELETED
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Volcom
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Consumer
Discretionary
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Apparel
Accessories & Luxury Goods
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For more information about S&P Indices, please visit
www.standardandpoors.com/indices.
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.
For more information contact:
David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907
SOURCE Standard & Poor's