Standard & Poor's Announces Changes to U.S. Index

Aug 16, 2011, 18:16 ET from Standard & Poor's

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

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

iRobot

Consumer Discretionary

Household Appliances

DELETED

EMS Technologies

Information Technology

Communications Equipment

S&P SMALLCAP 600 INDEX  – TBA

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Tennant

Industrials

Industrial Machinery

DELETED

Gerber Scientific

Information Technology

Electronic Equipment

& Instruments

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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