Cooper -Standard Holdings Set to Join the S&P SmallCap 600
NEW YORK, Aug. 8, 2016 /PRNewswire/ -- Cooper-Standard Holdings (NYSE: CPS) will replace QLogic Corp. (NASD: QLGC) in the S&P SmallCap 600 after the close of trading on Wednesday, August 10. Cavium Inc. (NASD: CAVM) is acquiring QLogic Corp. in a deal expected to be completed soon pending final approvals.
Cooper-Standard Holdings designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems. Headquartered in Novi, MI, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Auto Parts & Equipment Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – AUGUST 10, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Cooper- |
Consumer Discretionary |
Auto Parts & Equipment |
DELETED |
QLogic |
Information Technology |
Electronic Manufacturing |
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FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the
Index Committee, New York, USA
(+1) 212 438 3907
[email protected],
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
[email protected]
SOURCE S&P Dow Jones Indices
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