Central Vermont Public Service will no longer be part of a national stock index, as its pending merger with GMP nears.
S&P Indices will make the following changes to the S&P SmallCap 600 index after the close of trading onWednesday, June 27:
Exlservice Holdings, Inc. (NASD: EXLS) will replace Central Vermont Public Service Corp. (NYSE: CV).Gaz Metro, LP is acquiring Central Vermont Public Service in a deal expected to be completed soon pending final conditions.
QuinStreet, Inc. (NASD: QNST) will replace eResearchTechnology, Inc. (NASD: ERT). eResearchTechnology is being acquired by affiliates of Genstar Capital LLC in a deal expected to be completed soon pending final conditions.
Exlservice provides outsourcing and transformation services. Headquartered inNew York, NY, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Data Processing & Outsourced Services Sub-Industry index.
QuinStreet operates as a vertical marketing and media online company. Headquartered inFoster City, CA, the company will be added to the S&P SmallCap 600 GICS Internet Software & Services Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX ‘June 27, 2012
COMPANY
GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY
ADDED
Exlservice Holdings
Information Technology
Data Processing & Outsourced Services
QuinStreet
Information Technology
Internet Software & Services
DELETED
Central Vermont Public Service
Utilities
Electric Utilities
eResearchTechnology
Health Care
Life Sciences Tools & Services
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