NEW YORK, Oct. 18 /PRNewswire/ -- Seneca Foods Corp. (Nasdaq: SENEA) will replace ATC Technology Corp. (Nasdaq: ATAC) in the S&P SmallCap 600 index after the close of trading on Friday, October 22. Genco Holdings is acquiring ATC Technology in a deal expected to close on or about that date, pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Seneca Foods Corporation engages in the production and distribution of processed fruits and vegetables, frozen vegetables, and other food products. Headquartered in Marion, NY, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Packaged Foods & Meats Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – October 22, 2010
GICS ECONOMIC SECTOR
Packaged Foods & Meats
Diversified Support Services
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.
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