NEW YORK, Nov. 20, 2012 /PRNewswire/ -- Electronics
For Imaging Inc. (NASD: EFII) will replace Ceradyne Inc. (NASD:
CRDN), and Banner Corp. (NASD: BANR) will replace Novatel Wireless
Inc. (NASD: NVTL) in the S&P SmallCap 600 after the close
of trading on Tuesday, November 27.
S&P 100 & 500 constituent 3M Co. (NYSE: MMM) is acquiring
Ceradyne in a deal expected to be completed soon pending final
conditions. Novatel's low market capitalization is no longer
representative of the small-cap market space.
Electronics For Imaging provides color digital print
controllers, digital inkjet printers, and business process
automation solutions. Headquartered in Foster City, CA, the company will be added to
the S&P SmallCap 600 GICS (Global Industry Classification
Standard) Computer Storage & Peripherals Sub-Industry
index.
Banner provides commercial banking and financial products and
services. Headquartered in Walla Walla,
WA, the company will be added to the S&P SmallCap 600
GICS Regional Banks Sub-Industry index.
Following is a summary of the changes:
S&P
SMALLCAP 600 INDEX – November 27, 2012
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Electronics For Imaging
|
Information Technology
|
Computer
Storage & Peripherals
|
|
Banner
|
Financials
|
Regional
Banks
|
DELETED
|
Ceradyne
|
Industrials
|
Aerospace
& Defense
|
|
Novatel
Wireless
|
Information Technology
|
Computer
Storage & Peripherals
|
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").
SOURCE S&P Dow Jones Indices LLC