Thryv Holdings Set to Join S&P SmallCap 600

Rhea-AI Summary

Thryv Holdings will join the S&P SmallCap 600 index effective November 24, 2021, replacing Echo Global Logistics. This change follows the announcement of The Jordan Company acquiring Echo Global Logistics in a deal expected to close soon. The inclusion of Thryv Holdings in the index reflects its growing significance in the market, specifically within the Communication Services sector. This update is crucial for investors as index changes can influence stock performance and investor perception.

Positive

• Thryv Holdings is being added to the S&P SmallCap 600, indicating recognition and potential growth.
• The acquisition of Echo by The Jordan Company may stabilize or improve Echo's future market position.

Negative

• Echo Global Logistics is being removed from the S&P SmallCap 600, which could negatively impact its stock performance.

NEW YORK, Nov. 17, 2021 /PRNewswire/ -- Thryv Holdings Inc. (NASD:THRY) will replace Echo Global Logistics Inc. (NASD:ECHO) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, November 24. The Jordan Company is acquiring Echo Global Logistics in a deal expected to close soon.

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 24, 2021	S&P SmallCap 600	Addition	Thryv Holdings	THRY	Communication Services
	S&P SmallCap 600	Deletion	Echo Global Logistics	ECHO	Industrials

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View original content:https://www.prnewswire.com/news-releases/thryv-holdings-set-to-join-sp-smallcap-600-301427365.html

SOURCE S&P Dow Jones Indices

FAQ

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

Thryv Holdings will join the S&P SmallCap 600 effective prior to the opening of trading on November 24, 2021.

What will happen to Echo Global Logistics in relation to the S&P SmallCap 600?

Echo Global Logistics will be removed from the S&P SmallCap 600 effective November 24, 2021.

Which company is acquiring Echo Global Logistics?

Echo Global Logistics is being acquired by The Jordan Company.

What sector does Thryv Holdings operate in?

Thryv Holdings operates in the Communication Services sector.

How does the acquisition affect Echo Global Logistics stock?

The removal from the S&P SmallCap 600 could negatively impact Echo Global Logistics' stock performance.

What is the stock symbol for Thryv Holdings?

The stock symbol for Thryv Holdings is THRY.

What is the stock symbol for Echo Global Logistics?

The stock symbol for Echo Global Logistics is ECHO.

What is the relation of Thryv Holdings to S&P Global?

Thryv Holdings is joining the S&P SmallCap 600 index, which is part of the S&P Dow Jones Indices, a division of S&P Global.

What is the significance of joining the S&P SmallCap 600 for Thryv Holdings?

Joining the S&P SmallCap 600 may enhance Thryv Holdings' visibility and credibility in the market.