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.
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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
