NEW YORK, Nov. 7, 2016 /PRNewswire/ -- Innoviva Inc.
(NASD: INVA) will replace Rofin-Sinar Technologies Inc. (NASD:
RSTI) in the S&P SmallCap 600 after the close of trading on
Wednesday, November 9. S&P
SmallCap 600 constituent Coherent Inc. (NASD: COHR) acquired
Rofin-Sinar Technologies in a deal completed today.
Innoviva engages in the development and commercialization of
bio-pharmaceuticals. Headquartered in South San Francisco, CA, the company will be
added to the S&P SmallCap 600 GICS (Global Industry
Classification Standard) Pharmaceuticals Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP
600 INDEX – November 9, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Innoviva
|
Healthcare
|
Pharmaceuticals
|
DELETED
|
Rofin-Sinar
Technologies
|
Information
Technology
|
Electronic Equipment
& Instruments
|
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SOURCE S&P Dow Jones Indices