Standard & Poor's Index Services said late Thursday that it will take Gevity HR Inc. off its SmallCap 600 index and replace it with Hanger Orthopedic Group Inc. on a date to be announced.
Gevity, a human resource services company, agreed in March to be taken private by TriNet Group Inc. for $4 per share. Based on the company's outstanding shares as of Oct. 31, the deal is worth about $98.8 million.
The acquisition is expected to close in the second quarter pending shareholder approval.
Hanger runs rehabilitation centers for patients with braces or prosthetics.
Comments