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:
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S&P SMALLCAP 600 INDEX – May 31, 2013
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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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Impax Laboratories
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Health Care
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Pharmaceuticals
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Tangoe
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Information Technology
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Application Software
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DELETED
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Cymer
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Information Technology
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Semiconductor Equipment
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Hot Topic
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Consumer Discretionary
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Apparel Retail
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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