ATMI, Inc., Armor Holdings, Inc. Added to S&P SmallCap 600 Index
NEW YORK--(BUSINESS WIRE)--March 2, 2001--Standard & Poor's will replace Xircom Inc. (NASD:XIRC) and Washington Group Int'l. (NYSE:WNG) in the S&P SmallCap 600 Index with ATMI, Inc. (NASD:ATMI) and Armor Holdings, Inc. (NYSE:AH) after the close of trading on Monday, March 5, 2001. S&P 500 component Intel Corp. (NASD:INTC) is acquiring Xircom Inc. via a tender offer anticipated to expire tonight, unless extended. Washington Group is being removed for lack of representation.
ATMI, Inc. is a supplier of materials, equipment and related services used worldwide in the manufacture of semiconductor devices. The company, headquartered in Danbury, Connecticut, will be added to the S&P SmallCap 600 GICS Semiconductor Equipment sub-industry group and the Equipment Semiconductor industry group.
Armor Holdings, Inc. is a global provider of security risk management service to multi-national corporations and governmental agencies through its ArmorGroup Services division. The company, headquartered in Jacksonville, Florida, will be added to the S&P SmallCap 600 GICS Aerospace & Defense sub-industry group and the Manufacturing (Specialized) industry group.
Following is a summary of the announced changes:
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S&P SMALLCAP 600 INDEX--March 5, 2001
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COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY GROUP
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ADDED ATMI, Inc. Information Technology Semiconductor Equipment
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Armor
Holdings, Inc. Industrials Aerospace & Defense
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DROPPED Xircom Corp. Information Technology Networking Equipment
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Washington
Group Int'l. Industrials Construction & Engineering
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Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
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