NEW YORK, Aug. 16, 2011 /PRNewswire/ -- S&P will make the following changes to the S&P SmallCap 600 Index:
- iRobot Corp. (NASD: IRBT) will replace EMS Technologies Inc. (NASD: ELMG) after the close of trading on Friday, August 19. S&P 500 constituent Honeywell International (NYSE: HON) is acquiring EMS Technologies in a deal expected to be completed on or about that date pending final approvals.
- Tennant Co. (NYSE: TNC) will replace Gerber Scientific Inc. (NYSE: GRB) after the close of trading on a date to be announced. Private equity firm Vector Capital is acquiring Gerber Scientific 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.
iRobot designs and builds robots for the consumer, government, and industrial markets. Headquartered in Bedford, MA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Household Appliances Sub-Industry index.
Tennant engages in the design, manufacture, and marketing cleaning solutions worldwide. Headquartered in Minneapolis, MN, the company will be added to the S&P SmallCap 600 GICS Industrial Machinery Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – August 19, 2011
GICS ECONOMIC SECTOR
S&P SMALLCAP 600 INDEX – TBA
GICS ECONOMIC SECTOR
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