|By PR Newswire||
|December 10, 2012 05:48 PM EST||
NEW YORK, Dec. 10, 2012 /PRNewswire/ -- Stillwater Mining Co. (NYSE: SWC) will replace JDA Software Group Inc. (NASD: JDAS) in the S&P SmallCap 600 after the close of trading on Thursday, December 13. RedPrairie Corp. is acquiring JDA Software Group in a deal expected to be completed on or about that date pending final approvals.
Stillwater Mining engages in developing, extracting, processing, smelting, refining, and marketing palladium, platinum and platinum group metals. Headquartered in Billings, MT, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Precious Metals Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – December 13, 2012
GICS ECONOMIC SECTOR
Precious Metals & Minerals
JDA Software Group
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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S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial AverageSM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
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