NEW YORK, Feb. 21 /PRNewswire/ -- Abaxis Inc. will replace Alabama National BanCorporation in the S&P SmallCap 600 after the close of trading on a date to be announced. ALAB is being acquired by a wholly-owned subsidiary of S&P/TSX 60 constituent Royal Bank of Canada in a deal expected to close soon.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
Abaxis manufactures point-of-care blood analyzers. Headquartered in Union City, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.
Following is a summary of the change: S&P SMALLCAP 600 INDEX - TBA COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR ADDED Abaxis Health Care Health Care Equipment DELETED Alabama Financials Regional Banks National BanCorporation
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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