NEW YORK, May 28, 2013 /PRNewswire/ -- S&P Dow Jones
Indices will make the following changes to the S&P SmallCap 600
index after the close of trading on Friday,
May 31:
- Impax Laboratories Inc. (NASD: IPXL) will replace Cymer Inc.
(NASD: CYMI). ASML Holding NV is acquiring Cymer in a deal expected
to be completed on or about that date pending final approvals.
- Tangoe Inc. (NASD: TNGO) will replace Hot Topic Inc. (NASD:
HOTT). Private equity firm Sycamore Partners is acquiring Hot Topic
in a deal expected to be completed soon, pending final
approvals.
Impax Laboratories is a specialty pharmaceutical company.
Headquartered in Hayward, CA, the
company will be added to the S&P SmallCap 600 GICS (Global
Industry Classification Standard) Pharmaceuticals Sub-Industry
index.
Tangoe Inc. provides communications lifecycle management
software and services. Headquartered in Orange, CT, the company will be added to the
S&P SmallCap 600 GICS Application Software Sub-Industry
index.
Following is a summary of the changes:
|
S&P SMALLCAP
600 INDEX – May 31, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Impax
Laboratories
|
Health
Care
|
Pharmaceuticals
|
|
Tangoe
|
Information
Technology
|
Application
Software
|
|
DELETED
|
Cymer
|
Information
Technology
|
Semiconductor
Equipment
|
|
Hot Topic
|
Consumer
Discretionary
|
Apparel
Retail
|
Additions to and deletions from S&P Dow Jones Indices
do not in any way reflect an opinion on the investment merits of
the companies involved.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a subsidiary of The
McGraw-Hill Companies is the world's largest, global resource for
index-based concepts, data and research. Home to iconic financial
market indicators, such as the S&P 500® and the Dow
Jones Industrial AverageSM, S&P Dow Jones Indices
LLC has over 115 years of experience constructing innovative and
transparent solutions that fulfill the needs of institutional and
retail investors. More assets are invested in products based upon
our indices than any other provider in the world. With over 830,000
indices covering a wide range of assets classes across the globe,
S&P Dow Jones Indices LLC defines the way investors measure and
trade the markets. To learn more about our company, please visit
www.spdji.com.
It is not possible to invest directly in an index. S&P
Dow Jones Indices LLC, Dow Jones, and their respective affiliates,
parents, subsidiaries, directors, officers, shareholders, employees
and agents (collectively "S&P Dow Jones Indices") does not
sponsor, endorse, sell, or promote any investment fund or other
vehicle that is offered by third parties and that seeks to provide
an investment return based on the returns of any S&P Dow Jones
Indices index. This document does not constitute an offer of
services in jurisdictions where S&P Dow Jones Indices or its
affiliates do not have the necessary licenses. S&P Dow Jones
Indices receives compensation in connection with licensing its
indices to third parties.
STANDARD & POOR'S and S&P are registered trademarks of
Standard & Poor's Financial Services LLC. "Dow Jones" is
a registered trademark of Dow Jones Trademark Holdings LLC ("Dow
Jones")
For more information:
Dave Guarino
Communications
S&P Dow Jones Indices
dave.guarino@spdji.com
212-438-1471
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david.blitzer@spdji.com
212-438-3907
SOURCE S&P Dow Jones Indices
