NEW YORK, June 12 /PRNewswire-FirstCall/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600 index:
-- Stratasys Inc. will replace Lone Star Technologies Inc.
after the close of trading on Thursday, June 14. Lone Star
Technologies is being acquired by S&P 500 constituent United States
Steel Corp. in a deal expected to close on or about that
date, pending final approvals.
-- Volcom Inc. will replace Paxar Corp. after
the close of trading on Friday, June 15. Paxar is being acquired by
S&P 500 constituent Avery Dennison Corp. in a deal expected
to close on or about that date, pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Stratasys engages in the development, manufacture and marketing of rapid prototyping (RP) devices, including three-dimensional printing systems. Headquartered in Eden Prairie, MN, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Computer Hardware Sub-Industry index.
Volcom engages in the design, marketing, and distribution of men and women's clothing, accessories, and related products. Headquartered in Costa Mesa, CA, the company will be added to the S&P SmallCap 600 GICS Apparel, Accessories & Luxury Goods Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - June 14, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Stratasys Information Technology Computer Hardware
DELETED Lone Star Energy Oil & Gas Equipment
Technologies & Services
S&P SMALLCAP 600 INDEX - June 15, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Volcom Consumer Discretionary Apparel, Accessories
& Luxury Goods
DELETED Paxar Information Technology Electronic Equipment
Manufacturers
Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
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