NEW YORK, June 13, 2011 /PRNewswire/ -- Haynes International Inc. (NASD:HAYN) will replace Volcom Inc. (NASD:VLCM) in the S&P SmallCap 600 index after the close of trading on Thursday, June 16, 2011. Volcom is being acquired by PPR S.A. in a deal expected to be completed soon pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Haynes International is a developer, manufacturer and marketer of high-performance nickel- and cobalt-based alloys used in corrosion and high-temperature applications. Headquartered in Kokomo, IN, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Steel Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX - June 16, 2011 | ||||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | ||
ADDED | Haynes International | Materials | Steel | |
DELETED | Volcom | Consumer Discretionary | Apparel Accessories & Luxury Goods | |
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(212) 438-3907
SOURCE Standard & Poor's
