Alpha Metallurgical Resources Set to Join S&P SmallCap 600

Rhea-AI Summary

Alpha Metallurgical Resources Inc. (AMR) will replace Avid Technology Inc. (AVID) in the S&P SmallCap 600 effective November 10, 2023. This change is due to Symphony Technology Group's acquisition of Avid Technology. The addition of AMR represents the Materials sector, while the deletion of AVID represents the Information Technology sector.

NEW YORK, Nov. 7, 2023 /PRNewswire/ -- Alpha Metallurgical Resources Inc. (NYSE: AMR) will replace Avid Technology Inc. (NASD: AVID) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, November 10. Symphony Technology Group acquired Avid Technology in a transaction that was completed today.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
November 10, 2023	S&P SmallCap 600	Addition	Alpha Metallurgical Resources	AMR	Materials
	S&P SmallCap 600	Deletion	Avid Technology	AVID	Information Technology

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SOURCE S&P Dow Jones Indices

What is the effective date of Alpha Metallurgical Resources Inc. replacing Avid Technology Inc. in the S&P SmallCap 600?

The effective date is November 10, 2023.

What sectors do Alpha Metallurgical Resources Inc. and Avid Technology Inc. represent in the S&P SmallCap 600?

Alpha Metallurgical Resources represents the Materials sector, while Avid Technology represents the Information Technology sector.

Why is Alpha Metallurgical Resources Inc. replacing Avid Technology Inc. in the S&P SmallCap 600?

This change is due to Symphony Technology Group's acquisition of Avid Technology.

Who acquired Avid Technology Inc.?

Symphony Technology Group acquired Avid Technology Inc.