NEW YORK, June 30, 2011 /PRNewswire/ -- Approach Resources
Inc. (NASD: AREX) will replace California Pizza Kitchen Inc. (NASD:
CPKI) in the S&P SmallCap 600 index after the close of trading
on Wednesday, July 6, 2011.
Private equity firm Golden Gate Capital is acquiring
California Pizza Kitchen in a deal expected to be completed
soon.
Standard & Poor's will monitor this transaction, and post
any relevant updates on its website: www.standardandpoors.com.
Approach Resources engages in the acquisition, exploration,
development, and production of natural gas and oil properties.
Headquartered in Fort Worth,
TX, the company will be added to the S&P SmallCap 600
GICS (Global Industry Classification Standard) Oil & Gas
Exploration & Production Sub-Industry index.
Following is a summary of the change:
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S&P
SMALLCAP 600 INDEX – July 6, 2011
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COMPANY
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GICS
ECONOMIC SECTOR
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GICS
SUB-INDUSTRY
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ADDED
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Approach
Resources
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Energy
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Oil &
Gas Exploration & Production
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DELETED
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California Pizza
Kitchen
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Consumer
Discretionary
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Restaurants
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For more information about S&P Indices, please visit
www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, the world's leading index provider, maintains a
wide variety of investable and benchmark indices to meet an array
of investor needs. Over $1.25
trillion is directly indexed to Standard & Poor's family
of indices, which includes the S&P 500, the world's most
followed stock market index, the S&P/Case-Shiller Home Price
Indices, the leading measure of U.S. home prices, the S&P
Global BMI, an index with approximately 11,000 constituents, the
S&P GSCI, the industry's most closely watched commodities
index, and the S&P National AMT-Free Municipal Bond Index, the
premier investable index for U.S. municipal bonds. For more
information, please visit www.standardandpoors.com/indices.
For more information contact:
David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907
SOURCE Standard & Poor's