NEW YORK, Dec. 23, 2013 /PRNewswire/ -- G-III Apparel Group Ltd. (NASD:GIII) will replace Santarus Inc. (NASD:SNTS) in the S&P SmallCap 600 after the close of trading on Tuesday, December 31. S&P MidCap 400 constituent Salix Pharmaceuticals Ltd. (NASD:SLXP) is acquiring Santarus in a deal expected to be completed soon pending final approvals.
G-III Apparel Group Ltd. designs, manufactures, and markets women's and men's apparel. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Apparel Accessories & Luxury Goods Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX - December 31, 2013
GICS ECONOMIC SECTOR
G-III Apparel Group
Apparel Accessories & Luxury Goods
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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