Coherent & P.H. Glatfelter Set to Join the S&P SmallCap 600
NEW YORK, Oct. 22, 2012 /PRNewswire/ -- Coherent Inc.
(NASD: COHR) will replace Peet's Coffee & Tea Inc. (NASD:
PEET), and P.H. Glatfelter Company (NYSE: GLT) will replace
Lawson Products Inc. (NASD: LAWS) in the S&P SmallCap 600
after the close of trading on Friday,
October 26. Privately held Joh. A. Benckiser is acquiring
Peet's Coffee & Tea in a deal expected to be completed soon
pending final approvals. Lawson's low market capitalization is no
longer representative of the small-cap market space.
Coherent provides photonics-based solutions for a range of
commercial and scientific research applications. Headquartered in
Santa Clara, CA, the company will
be added to the S&P SmallCap 600 GICS (Global Industry
Classification Standard) Electronic Equipment & Instruments
Sub-Industry index.
P.H. Glatfelter Company manufactures and sells specialty papers
and fiber-based engineered materials. Headquartered in
York, PA, the company will be
added to the S&P SmallCap 600 GICS Paper Products Sub-Industry
index.
Following is a summary of the changes:
|
S&P
SMALLCAP 600 INDEX – October 26, 2012
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Coherent
|
Information Technology
|
Electronic
Equipment & Instruments
|
|
P.H.
Glatfelter
|
Materials
|
Paper
Products
|
|
DELETED
|
Peet's
Coffee & Tea
|
Consumer
Discretionary
|
Restaurants
|
|
Lawson
Products
|
Industrials
|
Trading
Companies & Distributors
|
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