NEW YORK, June 26, 2013 /PRNewswire/ --Evercore Partners Inc. (NYSE: EVR) will replace Lufkin Industries Inc. (NASD: LUFK) in the S&P SmallCap 600 after the close of trading on Monday, July 1. A subsidiary of S&P 100 & 500 constituent General Electric Co. (NYSE: GE) is acquiring Lufkin Industries in a deal expected to be completed soon pending final approvals.
Evercore Partners operates as an independent investment banking advisory firm. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Investment Banking & Brokerage Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX - July 1, 2013 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Evercore Partners | Financials | Investment Banking & Brokerage |
DELETED | Lufkin Industries | Energy | Oil & Gas Equipment & Services |
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
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