Press Releases
NEW YORK, Nov. 25, 2013 /PRNewswire/ -- Ligand Pharmaceuticals Inc. (NASD: LGND) will replace SHFL Entertainment Inc. (NASD: SHFL) in the S&P SmallCap 600 after the close of trading on Wednesday, November 27. S&P MidCap 400 constituent Bally Technologies Inc. (NYSE: BYI) acquired SHFL in a deal completed today.
Ligand Pharmaceuticals is a biotechnology company that engages in the acquisition and development of royalty revenue generating assets. Headquartered in La Jolla, CA, the company will be added to the S&P SmallCap 600 GICS Biotechnology Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – November 27, 2013 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Ligand Pharmaceuticals |
Health Care |
Biotechnology |
DELETED |
SHFL Entertainment |
Consumer Discretionary |
Casinos & Gaming |
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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