Kaiser Aluminum Corp. (NASD:KALU) will replace Superior Well Services Inc. (NASD:SWSI) in the S&P SmallCap 600 index after the close of trading on a date to be announced. Superior Well Services is being acquired by S&P 500 constituent Nabors Industries Ltd. (NYSE:NBR) in a deal expected to close soon, pending final conditions.
Standard & Poor’s will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com .
Kaiser Aluminum manufactures semi-fabricated aluminum products. Headquartered in Foothill Ranch, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Aluminum Sub-Industry index.
Following is a summary of the change:
| S&P SMALLCAP 600 INDEX – TBA | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | Kaiser Aluminum | Materials |
Aluminum |
| DELETED | Superior Well Services | Energy | Oil & Gas Equipment & Services |
