NEW YORK, Jan. 15 /PRNewswire/ -- American Vanguard Corp. (NYSE: AVD) will replace ArthroCare Corp. (NASD: ARTC) in the S&P SmallCap 600 after the close of trading on Tuesday, January 20, 2009. Trading in ArthroCare is being suspended by NASDAQ because of the company's failure to comply with listing requirements.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
American Vanguard is a diversified specialty and agricultural products company. Headquartered in Newport Beach, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Fertilizers & Agricultural Chemicals Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX - January 20, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED American Materials Fertilizers &
Vanguard Agricultural Chemicals
DELETED ArthroCare Health Care Health Care Equipment
Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
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SOURCE Standard & Poor's
