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Press release from PR Newswire

Lannett Set to Join the S&P SmallCap 600

Thursday, May 29, 2014

Lannett Set to Join the S&P SmallCap 600

17:44 EDT Thursday, May 29, 2014

NEW YORK, May 29, 2014 /PRNewswire/ -- Lannett Company Inc. (NYSE:LCI) will replace Zale Corp. (NYSE:ZLC) in the S&P SmallCap 600 after the close of trading on Monday, June 2. S&P MidCap 400 constituent Signet Jewelers Limited (NYSE:SIG) is acquiring Zale in a deal expected to be completed today.

Lannett develops, manufactures, packages, markets, and distributes generic versions of branded pharmaceutical products. Headquartered in Philadelphia, PA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification) Pharmaceuticals Sub-Industry index.

Following is a summary of the change:

S&P SMALLCAP 600 INDEX ? June 2, 2014

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Lannett

Health Care

Pharmaceuticals

DELETED

Zale

Consumer Discretionary

Specialty Stores

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 part of McGraw Hill Financial, 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 Average?, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset 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.  

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").  These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

For more information:

Dave Guarino  Communications  S&P Dow Jones Indices  dave.guarino@spdji.com  (212) 438-1471

David Blitzer  Managing Director and Chairman of the Index Committee  S&P Dow Jones Indices  david.blitzer@spdji.com   (212) 438-3907

 

 

SOURCE S&P Dow Jones Indices LLC

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