DoubleVerify Holdings to Join S&P SmallCap 600

Rhea-AI Summary

On January 25, 2023, DoubleVerify Holdings (NYSE: DV) announced its addition to the S&P SmallCap 600 index, effective January 31, 2023. This change will see Meridian Bioscience (NASDAQ: VIVO) removed from the index, as it is currently being acquired by SD Biosensor. The acquisition is pending final conditions, suggesting a strategic shift in the market landscape. The index change highlights DoubleVerify's growth and significance within the Information Technology sector, while Meridian's removal signifies a substantial transition for the company involved.

Positive

• DoubleVerify Holdings is set to join the S&P SmallCap 600, reflecting its growth potential.
• The index addition may enhance visibility and attract more investors to DoubleVerify.

Negative

• Meridian Bioscience's removal from the S&P SmallCap 600 could impact its market perception.
• The pending acquisition raises uncertainty regarding Meridian's future operational stability.

News Market Reaction – VIVO

+0.06%

1 alert

+0.06% News Effect

On the day this news was published, VIVO gained 0.06%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Jan. 25, 2023 /PRNewswire/ -- DoubleVerify Holdings Inc. (NYSE: DV) will replace Meridian Bioscience Inc. (NASD: VIVO) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, January 31. SD Biosensor is acquiring Meridian Bioscience in a deal expected to be completed soon pending final conditions.

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

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
January 31, 2023	S&P SmallCap 600	Addition	DoubleVerify Holdings	DV	Information Technology
	S&P SmallCap 600	Deletion	Meridian Bioscience	VIVO	Health Care

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FAQ

When will DoubleVerify Holdings join the S&P SmallCap 600?

DoubleVerify Holdings will join the S&P SmallCap 600 prior to the opening of trading on January 31, 2023.

What is happening with Meridian Bioscience?

Meridian Bioscience will be removed from the S&P SmallCap 600 index as it is being acquired by SD Biosensor.

What are the tickers for DoubleVerify Holdings and Meridian Bioscience?

DoubleVerify Holdings is listed under the ticker DV, while Meridian Bioscience is represented by the ticker VIVO.

How does the acquisition of Meridian Bioscience affect its stock?

The acquisition of Meridian Bioscience by SD Biosensor creates uncertainty for its stock performance, especially with its removal from the S&P SmallCap 600.

What sector is DoubleVerify Holdings part of?

DoubleVerify Holdings is part of the Information Technology sector.