NEW YORK, Nov. 2 NY-S&P-Index-Changes
NEW YORK, Nov. 2 /PRNewswire/ -- Compellent Technologies Inc. (NYSE: CML) will replace Central Pacific Financial Corp. (NYSE: CPF), and Emergent BioSolutions Inc. (NYSE: EBS) will replace Independent Bank Corp. (Nasdaq: IBCP) in the S&P SmallCap 600 after the close of trading on Monday, November 9. Central Pacific Financial and Independent Bank have market capitalizations below $35 million ranking them 599th & 600th respectively in the index, whereas the minimum market capitalization necessary to be added to the S&P Small Cap 600 is currently $200 million.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Compellent Technologies is a provider of enterprise-class network storage solutions. Headquartered in Eden Prairie, MN, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Computer Storage & Peripherals Sub-Industry index.
Emergent BioSolutions Inc. is a biopharmaceutical company. Headquartered in Rockville, MD, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Biotechnology Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - NOVEMBER 9, 2009
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COMPANY GICS ECONOMIC GICS
SECTOR SUB-INDUSTRY
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ADDED Compellent Information Computer
Technologies Technology Storage &
Peripherals
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Emergent Health Care Biotechnology
BioSolutions
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DELETED Central Financials Regional
Pacific Banks
Financial
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Independent Financials Regional
Bank Banks
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SOURCE Standard & Poor's
