Ingram Micro to Join S&P SmallCap 600 Index Nov. 17
Ingram Micro Holding will replace Pacira BioSciences in the S&P SmallCap 600 after Viatris acquires Pacira.
Ingram Micro Holding Corp. is set to enter the S&P SmallCap 600 index when markets open Tuesday, November 17, displacing Pacira BioSciences Inc. following an acquisition deal, S&P announced.
Viatris Inc., a constituent of the S&P 500, is acquiring Pacira BioSciences, triggering the pharmaceutical company's removal from the small-cap benchmark. Index rules require that acquired companies be replaced to maintain the index's composition and market representation.
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Ingram Micro, which trades on the New York Stock Exchange under the ticker INGM, will fill the vacancy left by Pacira, which is listed on the Nasdaq under PCRX. Viatris trades on the Nasdaq under the ticker VTRS.
Inclusion in a major S&P index typically draws attention from passive investment funds that track the benchmark, as fund managers are required to adjust their holdings to mirror the index's updated composition ahead of the effective date.
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