| NEW YORK, Nov 02, 2009 /PRNewswire via COMTEX/ --
Compellent Technologies Inc. (CML, Trade ) will replace Central Pacific Financial Corp. (CPF, Trade ), and Emergent BioSolutions Inc. (EBS, Trade ) will replace Independent Bank Corp. (IBCP, Trade ) in the S&P SmallCap 600 after the close of trading on Monday, November 9. Central Pacific Financial and Independent Bank have market capitalizations below $35 million ranking them 599th & 600th respectively in the index, whereas the minimum market capitalization necessary to be added to the S&P Small Cap 600 is currently $200 million.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website:
www.standardandpoors.com
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Compellent Technologies is a provider of enterprise-class network storage solutions. Headquartered in Eden Prairie, MN, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Computer Storage & Peripherals Sub-Industry index.
Emergent BioSolutions Inc. is a biopharmaceutical company. Headquartered in Rockville, MD, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Biotechnology Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - NOVEMBER 9, 2009
--------------------------------------------
COMPANY GICS ECONOMIC GICS
SECTOR SUB-INDUSTRY
------- ------------- -------------
ADDED Compellent Information Computer
Technologies Technology Storage &
Peripherals
------------ ------------- -------------
Emergent Health Care Biotechnology
BioSolutions
------- ------------ ------------- -------------
DELETED Central Financials Regional
Pacific Banks
Financial
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Independent Financials Regional
Bank Banks
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