Ligand Pharmaceuticals Set to Join the S&P SmallCap 600

NEW YORK, Nov. 25, 2013 /PRNewswire/ -- Ligand Pharmaceuticals Inc. (NASD: LGND) will replace SHFL Entertainment Inc. (NASD: SHFL) in the S&P SmallCap 600 after the close of trading on Wednesday, November 27. S&P MidCap 400 constituent Bally Technologies Inc. (NYSE: BYI) acquired SHFL in a deal completed today.

Ligand Pharmaceuticals is a biotechnology company that engages in the acquisition and development of royalty revenue generating assets. Headquartered in La Jolla, CA, the company will be added to the S&P SmallCap 600 GICS Biotechnology Sub-Industry index.

Following is a summary of the change:

S&P SMALLCAP 600 INDEX – November 27, 2013


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Ligand Pharmaceuticals

Health Care

Biotechnology

DELETED

SHFL Entertainment

Consumer Discretionary

Casinos & Gaming

 

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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For more information:

Dave Guarino
Communications
S&P Dow Jones Indices
dave.guarino@spdji.com
(212) 438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david.blitzer@ spdji.com
(212) 438-3907

SOURCE S&P Dow Jones Indices



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