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Press release from PR Newswire

Impax Laboratories and Tangoe Set to Join S&P SmallCap 600

Tuesday, May 28, 2013

Impax Laboratories and Tangoe Set to Join S&P SmallCap 600

17:50 EDT Tuesday, May 28, 2013

NEW YORK, May 28, 2013 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 index after the close of trading on Friday, May 31:

  • Impax Laboratories Inc. (NASD: IPXL) will replace Cymer Inc. (NASD: CYMI). ASML Holding NV is acquiring Cymer in a deal expected to be completed on or about that date pending final approvals.
  • Tangoe Inc. (NASD: TNGO) will replace Hot Topic Inc. (NASD: HOTT). Private equity firm Sycamore Partners is acquiring Hot Topic in a deal expected to be completed soon, pending final approvals.

Impax Laboratories is a specialty pharmaceutical company. Headquartered in Hayward, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Pharmaceuticals Sub-Industry index.

Tangoe Inc. provides communications lifecycle management software and services. Headquartered in Orange, CT, the company will be added to the S&P SmallCap 600 GICS Application Software Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX ? May 31, 2013

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Impax Laboratories

Health Care

Pharmaceuticals

Tangoe

Information Technology

Application Software

DELETED

Cymer

Information Technology

Semiconductor Equipment

Hot Topic

Consumer Discretionary

Apparel Retail

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.

About S&P Dow Jones Indices

S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial AverageSM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, and their respective affiliates, parents, subsidiaries, directors, officers, shareholders, employees and agents (collectively "S&P Dow Jones Indices") does not sponsor, endorse, sell, or promote any investment fund or other vehicle that is offered by third parties and that seeks to provide an investment return based on the returns of any S&P Dow Jones Indices index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices or its affiliates do not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

STANDARD & POOR'S and S&P are registered trademarks of Standard & Poor's Financial Services LLC.  "Dow Jones" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones")

For more information:

Dave GuarinoCommunicationsS&P Dow Jones Indicesdave.guarino@spdji.com212-438-1471

David BlitzerManaging Director and Chairman of the Index CommitteeS&P Dow Jones Indicesdavid.blitzer@spdji.com 212-438-3907

 

SOURCE S&P Dow Jones Indices

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