Nov. 15, 2010 (PR Newswire) --
NEW YORK, Nov. 15, 2010 /PRNewswire/ -- S&P will make the following changes to the S&P SmallCap 600 Index:
- CEVA Inc. (Nasdaq: CEVA) will replace Phoenix Technologies Inc. (Nasdaq: PTEC) after the close of trading on Friday, November 19. Phoenix Technologies is being acquired by Marlin Equity Partners in a deal expected to be completed on or about that date, pending final approvals.
- Power Integrations Inc. (Nasdaq: POWI) will replace The Gymboree Corp. (Nasdaq: GYMB) after the close of trading on Monday, November 22. Gymboree is being acquired by Bain Capital Partners in a deal expected to be completed soon, pending final approvals.
- Provident Financial Services Inc. (NYSE: PFS) will replace Mannatech Inc. (Nasdaq: MTEX), and Contango Oil & Gas Co. (AMEX: MCF) will replace Nautilus Inc. (NYSE: NLS) after the close of trading on Monday, November 22. Mannatech and Nautilus have market capitalizations below $52 million and $57 million respectively, ranking them at the bottom of the S&P SmallCap 600 index. They are no longer representative of the small cap market space.
- STR Holdings Inc. (Nasdaq: STRI) will replace Keithley Instruments Inc. (NYSE: KEI) after the close of trading on a date to be announced. Keithley Instruments is being acquired by S&P 500 constituent Danaher Corp. (NYSE: DHR) in a deal expected to be completed soon, pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
CEVA designs and licenses silicon intellectual property. Headquartered in Mountain View, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Semiconductors Sub-Industry index.
Power Integrations designs, develops, manufactures, and markets high-voltage, and analog integrated circuits. Headquartered in San Jose, CA, the company will be added to the S&P SmallCap 600 GICS Semiconductors Sub-Industry index.
Provident Financial Services provides banking services. Headquartered in Jersey City, NJ, the company will be added to the S&P SmallCap 600 GICS Thrifts & Mortgage Finance Sub-Industry index.
Contango Oil & Gas engages in the exploration, development, production, and acquisition of oil and natural gas properties. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Exploration & Production Sub-Industry index.
STR Holdings manufactures and sells encapsulants. Headquartered in Enfield, CT, the company will be added to the S&P SmallCap 600 GICS Commodity Chemicals Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 –November 19, 2010
GICS ECONOMIC SECTOR
S&P SMALLCAP 600 INDEX – November 22, 2010
GICS ECONOMIC SECTOR
Provident Financial Services
Thrifts & Mortgage Finance
Contango Oil & Gas
Oil & Gas Exploration & Production
S&P SMALLCAP 600 –TBA
GICS ECONOMIC SECTOR
Electronic Equipment & Instruments
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SOURCE Standard & Poor's
David M. Blitzer, Ph.D., Managing Director & Chairman of the Index Committee, +1-212-438-3907