Standard & Poor's Announces Change to U.S. Index
NEW YORK, Feb. 9 /PRNewswire/ -- Tessera Technologies Inc. (Nasdaq: TSRA) will replace Financial Federal Corp. (NYSE: FIF) in the S&P SmallCap 600 index after the close of trading on Thursday, February 18. Financial Federal is being acquired by S&P 500 constituent People's United Financial Inc. (Nasdaq: PBCT) in a deal expected to close on or about that date, pending final approvals.
Standard and Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Tessera Technologies develops and licenses miniaturization technologies for the electronics industry. Headquartered in San Jose, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Semiconductor Equipment Sub-Industry index.
S&P SMALLCAP 600 INDEX – February 18, 2010 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
Tessera Technologies |
Information Technology |
Semiconductor Equipment |
|
DELETED |
Financial Federal |
Financials |
Specialized Finance |
|
For more information about S&P Indices, please visit www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com
SOURCE Standard & Poor's
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article