NEW YORK, Nov. 20, 2012 /PRNewswire/ -- Electronics For Imaging Inc. (NASD: EFII) will replace Ceradyne Inc. (NASD: CRDN), and Banner Corp. (NASD: BANR) will replace Novatel Wireless Inc. (NASD: NVTL) in the S&P SmallCap 600 after the close of trading on Tuesday, November 27. S&P 100 & 500 constituent 3M Co. (NYSE: MMM) is acquiring Ceradyne in a deal expected to be completed soon pending final conditions. Novatel's low market capitalization is no longer representative of the small-cap market space.
Electronics For Imaging provides color digital print controllers, digital inkjet printers, and business process automation solutions. Headquartered in Foster City, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Computer Storage & Peripherals Sub-Industry index.
Banner provides commercial banking and financial products and services. Headquartered in Walla Walla, WA, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – November 27, 2012
GICS ECONOMIC SECTOR
Electronics For Imaging
Computer Storage & Peripherals
Aerospace & Defense
Computer Storage & Peripherals
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
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