Coherent & P.H. Glatfelter Set to Join the S&P SmallCap 600
NEW YORK, Oct. 22, 2012
NEW YORK, Oct. 22, 2012 /PRNewswire/ --Coherent Inc. (NASD: COHR) will
replace Peet's Coffee & Tea Inc. (NASD: PEET), and P.H. Glatfelter Company
(NYSE: GLT) will replace Lawson Products Inc.(NASD: LAWS) in the S&P SmallCap
600 after the close of trading on Friday, October 26. Privately held Joh. A.
Benckiser is acquiring Peet's Coffee & Tea in a deal expected to be completed
soon pending final approvals. Lawson's low market capitalization is no longer
representative of the small-cap market space.
Coherent provides photonics-based solutions for a range of commercial and
scientific research applications. Headquartered in Santa Clara, CA, the
company will be added to the S&P SmallCap 600 GICS (Global Industry
Classification Standard) Electronic Equipment & Instruments Sub-Industry
P.H. Glatfelter Company manufactures and sells specialty papers and
fiber-based engineered materials. Headquartered in York, PA, the company will
be added to the S&P SmallCap 600 GICS Paper Products Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – October 26, 2012
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Coherent Information Technology Electronic Equipment &
P.H. Glatfelter Materials Paper Products
DELETED Peet's Coffee & Tea Consumer Discretionary Restaurants
Lawson Products Industrials Trading Companies &
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