Press Releases
NEW YORK, July 14, 2014 /PRNewswire/ -- Celadon Group Inc. (NYSE: CGI) will replace Cbeyond Inc. (NASD: CBEY) in the S&P SmallCap 600 after the close of trading on Thursday, July 17. Birch Communications Inc. is acquiring Cbeyond in a deal expected to be completed soon.
Celadon Group provides transportation and logistics services. Headquartered in Indianapolis, IN, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification) Trucking Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – July 17, 2014 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Celadon Group |
Industrials |
Trucking |
DELETED |
Cbeyond |
Telecommunication Services |
Integrated Telecommunication Services |
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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