Ingram Micro to Join S&P SmallCap 600 Following Pacira BioSciences Acquisition by Viatris
Ingram Micro Holding Corporation (INGM) is scheduled to join the S&P SmallCap 600 index on November 17, replacing Pacira BioSciences (PCRX). This index rebalancing follows the announced acquisition of Pacira BioSciences by Viatris (VTRS), which is currently awaiting final closing conditions. The inclusion in the S&P SmallCap 600 comes amid positive momentum for Ingram Micro, with shares rising approximately 4% in extended trading. The company's growth is being supported by strong demand for AI infrastructure, contributing to a robust Q4 forecast of net sales between $17.5 billion and $17.9 billion.
Topics: Index Rebalancing Mergers and Acquisitions S&P SmallCap 600 Stock Price Movement
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Part of the story Ingram Micro to Join S&P SmallCap 600 Replacing Pacira BioSciences (4 articles)