NEW YORK, Oct. 17, 2011 /PRNewswire/ -- Franklin Electric Co. (NASD: FELE) will replace Arch Chemicals Inc. (NYSE: ARJ) in the S&P SmallCap 600 index after the close of trading on Wednesday, October 19. Arch Chemical is being acquired by Lonza Group Ltd. in a deal expected to be completed soon pending final conditions.
S&P Indices will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Franklin Electric engages in the design, manufacture, and distribution of groundwater and fuel pumping systems. Headquartered in Bluffton, IN, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Electrical Components & Equipment Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – October 19, 2011
GICS ECONOMIC SECTOR
Electrical Components & Equipment
For more information about S&P Indices, please visit www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: MHP), 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
SOURCE Standard & Poor's
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here