NEW YORK, Sept. 23 /PRNewswire/ -- Liquidity Services Inc. (NASD:LQDT) will replace The South Financial Group Inc. (NASD:TSFG) in the S&P SmallCap 600 index after the close of trading on Thursday, September 30. The South Financial Group is being acquired by S&P Global 1200 constituent The Toronto-Dominion Bank (TSX/NYSE:TD) 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: http://www.standardandpoors.com/.
Liquidity Services, Inc. operates an online auction marketplace for surplus and salvage assets. Headquartered in Washington, DC, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Internet Software & Services Sub-Industry index.
Following is a summary of the change: S&P SMALLCAP 600 INDEX - September 30, 2010 GICS ECONOMIC GICS SUB- COMPANY SECTOR INDUSTRY Internet Liquidity Information Software & ADDED Services Technology Services The South Financial Regional DELETED Group Financials Banks About S&P Indices
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