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.
.
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:
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S&P
SMALLCAP 600 INDEX – October 19, 2011
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COMPANY
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GICS
ECONOMIC SECTOR
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GICS
SUB-INDUSTRY
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ADDED
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Franklin
Electric
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Industrials
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Electrical Components &
Equipment
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DELETED
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Arch
Chemicals
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Materials
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Specialty
Chemicals
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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