Standard & Poor's Announces Change to U.S. Index
NEW YORK, June 13, 2011 /PRNewswire/ -- Haynes International Inc. (NASD:HAYN) will replace Volcom Inc. (NASD:VLCM) in the S&P SmallCap 600 index after the close of trading on Thursday, June 16, 2011. Volcom is being acquired by PPR S.A. in a deal expected to be completed soon pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Haynes International is a developer, manufacturer and marketer of high-performance nickel- and cobalt-based alloys used in corrosion and high-temperature applications. Headquartered in Kokomo, IN, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Steel Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – June 16, 2011
GICS ECONOMIC SECTOR
Apparel Accessories & Luxury Goods
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
SOURCE Standard & Poor's