NEW YORK, April 24 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600: -- Wilshire Bancorp Inc. (NASD: WIBC) will replace Artesyn Technologies
Inc. (NASD: ATSN) after the close of trading on Friday, April 28, 2006. Artesyn is being acquired by S&P 500 constituent Emerson Electric Co. (NYSE:EMR) in a deal expected to close on or about that date, pending
final approval.
-- Deckers Outdoor Corp. (NASD: DECK) will replace J. Jill Group Inc. (NASD: JILL) after the close of trading on Monday, May 1, 2006. J. Jill is being acquired by The Talbots, Inc. (NYSE:TLB) in a deal
expected to close on or about that date, pending final approval.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Wilshire operates a California state-chartered commercial bank. Headquartered in Los Angeles, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.
Deckers Outdoor specializes in footwear and apparel for outdoor, sports and other lifestyle-related activities, as well as for casual use. Headquartered in Goleta, CA, the company will be added to the S&P SmallCap 600 GICS Footwear Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - April 28, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Wilshire Bancorp Financials Regional Banks
DELETED Artesyn Technologies Industrials Electrical Components
& Equipment
S&P SMALLCAP 600 INDEX - May 1, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Deckers Outdoor Consumer Discretionary Footwear
DELETED J. Jill Group Consumer Discretionary Catalog Retail Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
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