Standard & Poor's Announces Changes to U.S. Index
NEW YORK, Feb. 14, 2011 /PRNewswire/ -- S&P will make the following changes to SmallCap 600 Index:
- GeoResources Inc. (NASD:GEOI) will replace Seahawk Drilling Inc. (NASD:HAWK) after the close of trading on Wednesday, February 16. Seahawk Drilling filed for bankruptcy protection and is no longer eligible for inclusion in the index.
- Prospect Capital Corp. (NASD:PSEC) will replace Martek Biosciences Corp. (NASD:MATK) after the close of trading on Friday, February 18. Royal DSM N.V. is acquiring Martek Biosciences in a deal expected to be completed soon, pending final conditions.
Standard & Poor's will monitor these transactions and post any relevant updates on its website: www.standardandpoors.com.
GeoResources engages in the acquisition, development, production, and exploration of oil and gas reserves. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Oil & Gas Exploration & Production Sub-Industry index.
Prospect Capital is a financial services company that lends to and invests in middle market privately-held companies. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Asset Management & Custody Banks Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – February 16, 2011 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
GeoResources |
Energy |
Oil & Gas Exploration & Production |
|
DELETED |
Seahawk Drilling |
Energy |
Oil & Gas Drilling |
|
S&P SMALLCAP 600 INDEX – February 18, 2011 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
Prospect Capital |
Financials |
Asset Management & Custody Banks |
|
DELETED |
Martek Biosciences |
Health Care |
Biotechnology |
|
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 $1.25 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/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.
For more information contact: |
|
David M. Blitzer, Ph.D. |
|
Managing Director & Chairman of the Index Committee |
|
(212)-438-3907 |
|
SOURCE Standard & Poor's
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