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S&P Indices Announces Change to U.S. Index

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S&P Indices Announces Change to U.S. Index

PR Newswire

NEW YORK, Oct. 17, 2011 /PRNewswire/ -- Franklin Electric Co. (NASD: FELE) will replace Arch Chemicals Inc. (NYSE: ARJ) in the S&P SmallCap 600 index after the close of trading on Wednesday, October 19. Arch Chemical is being acquired by Lonza Group Ltd. in a deal expected to be completed soon pending final conditions.

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S&P Indices will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.  

Franklin Electric engages in the design, manufacture, and distribution of groundwater and fuel pumping systems. Headquartered in Bluffton, IN, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Electrical Components & Equipment Sub-Industry index.

Following is a summary of the change:


S&P SMALLCAP 600 INDEX  – October 19, 2011


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Franklin Electric

Industrials


Electrical Components & Equipment

DELETED

Arch Chemicals

Materials

Specialty Chemicals





For more information about S&P Indices, please visit www.standardandpoors.com/indices.  

About S&P Indices

S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.  

For more information contact:

David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907

SOURCE Standard & Poor's

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