Standard & Poor's Announces Changes to U.S. Index

Standard & Poor's Announces Changes to U.S. Index

PR Newswire

NEW YORK, Aug. 9

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 of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities 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

Comments (0)

This discussion is now closed. We welcome comments on our articles for a limited period after their publication.