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Standard & Poor's Announces Change to U.S. Index
NEW YORK, Oct. 27 /PRNewswire/ -- iGATE Corp. (NASD: IGTE) will replace Actel Corp. (NASD: ACTL) in the S&P SmallCap 600 index after the close of trading on Monday, November 1. S&P SmallCap 600 constituent Microsemi Corp. (NASD: MSCC) is acquiring Actel in a deal expected to be completed soon, pending final approvals and conditions.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com.
iGATE Corporation provides outsourcing solutions. Headquartered in Fremont, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) IT Consulting & Other Services Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX - November 1,
2010
GICS ECONOMIC GICS SUB-
COMPANY SECTOR INDUSTRY
IT Consulting
Information & Other
ADDED iGATE Technology Services
----- ----- ------------ --------------
Information
DELETED Actel Technology Semiconductors
------- ----- ----------- --------------
About S&P Indices
S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit http://www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
SOURCE Standard & Poor's
Standard & Poor's
CONTACT: David M. Blitzer, Ph.D., Managing Director & Chairman of the Index Committee, +1-212-438-3907
Web Site: http://www.standardandpoors.com
Standard & Poor's Announces Change to U.S. Index
NEW YORK, Oct. 27 /PRNewswire/ -- iGATE Corp. (NASD: IGTE) will replace Actel Corp. (NASD: ACTL) in the S&P SmallCap 600 index after the close of trading on Monday, November 1. S&P SmallCap 600 constituent Microsemi Corp. (NASD: MSCC) is acquiring Actel in a deal expected to be completed soon, pending final approvals and conditions.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com.
iGATE Corporation provides outsourcing solutions. Headquartered in Fremont, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) IT Consulting & Other Services Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX - November 1,
2010
GICS ECONOMIC GICS SUB-
COMPANY SECTOR INDUSTRY
IT Consulting
Information & Other
ADDED iGATE Technology Services
----- ----- ------------ --------------
Information
DELETED Actel Technology Semiconductors
------- ----- ----------- --------------
About S&P Indices
S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit http://www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
SOURCE Standard & Poor's
Standard & Poor's
CONTACT: David M. Blitzer, Ph.D., Managing Director & Chairman of the Index Committee, +1-212-438-3907
Web Site: http://www.standardandpoors.com