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Last updated on May 27, 2012 at 13:51 EDT

Standard & Poor’s Announces Changes to U.S. Index

August 16, 2011
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NEW YORK, Aug. 16, 2011 /PRNewswire/ — S&P will make the following changes to the S&P SmallCap 600 Index:

  • iRobot Corp. (NASD: IRBT) will replace EMS Technologies Inc. (NASD: ELMG) after the close of trading on Friday, August 19. S&P 500 constituent Honeywell International (NYSE: HON) is acquiring EMS Technologies in a deal expected to be completed on or about that date pending final approvals.

  • Tennant Co. (NYSE: TNC) will replace Gerber Scientific Inc. (NYSE: GRB) after the close of trading on a date to be announced. Private equity firm Vector Capital is acquiring Gerber Scientific in a deal expected to be completed soon, pending final conditions.

Standard & Poor’s will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.

iRobot designs and builds robots for the consumer, government, and industrial markets. Headquartered in Bedford, MA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Household Appliances Sub-Industry index.

Tennant engages in the design, manufacture, and marketing cleaning solutions worldwide. Headquartered in Minneapolis, MN, the company will be added to the S&P SmallCap 600 GICS Industrial Machinery Sub-Industry index.

Following is a summary of the changes:


    S&P SMALLCAP 600 INDEX  - August 19, 2011
                              GICS ECONOMIC       GICS SUB-
                COMPANY           SECTOR           INDUSTRY
                                 Consumer         Household
     ADDED       iRobot       Discretionary      Appliances
                   EMS          Information    Communications
    DELETED   Technologies      Technology        Equipment
    -------   -------------    ------------    ---------------


        S&P SMALLCAP 600 INDEX  - TBA
                            GICS ECONOMIC     GICS SUB-
               COMPANY          SECTOR         INDUSTRY
                                             Industrial
     ADDED     Tennant       Industrials      Machinery
                Gerber        Information    Electronic
    DELETED   Scientific      Technology      Equipment
    -------   -----------    ------------   -----------
                                                  &
                                             Instruments
                                             -----------

For more information about S&P Indices, please visit www.standardandpoors.com/indices.

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 www.standardandpoors.com/indices.

For more information contact:

David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907

SOURCE Standard & Poor’s


Source: newswire