31 acquisition announcements were made by NASDAQ, NYSE, & NYSE Mkt micro-cap issuers this June.
Disclosed deal value for the month exceeded $635 million. The majority of consideration for June acquisitions was cash (approx. $480 million).
The average market cap of this month's acquirers was approx. $170 million and the average transaction value was $37 million.
See the full list of NASDAQ & NYSE micro-cap issuers working on acquisitions in June below.
The newly reconstituted Russell MicroCap Index took effect after last Friday's close. The Russell MicroCap Index is re-balanced annually to ensure accurate representation of the ever-changing market. The Index consist of the smallest 1,000 securities in the small-cap Russell 2000 Index, plus the next 1,000 smallest eligible securities by market cap. 148 issuers were added to the index on Friday. See the full list of 2016's Russell MicroCap Index additions and deletions HERE.
On Jun 10, 2016, FTSE Russell announced the preliminary rebalance of their indexes. This announcement included additions and deletions from the Russell MicroCap Index. The preliminary rebalance is the first step of the Russell Indexes' annual reconstitution. Russell rebalances all of their indexes once a year to "keep the indexes’ representation of the markets or market segments reflective of new market information". For example, when a company grows too large for the MicroCa
The 2015 Russell Microcap® Index reconstitution was completed on June 29. Below is a link to the entire membership list. 2015 Russell Microcap® Index Membership List Congratulations to all of the new members of the Russell Microcap® Index from the entire Acquis team! More on the reconstitution: #MicroCap #RussellMicrocapIndex #uplist #NASDAQ #NYSEMkt #OTCMarkets
At the end of this month Russell Indexes will complete the annual rebalncing of its Micro Cap Index. Russell rebalances all of it indexes annually to ensure "accurate representation of the ever-changing market". While OTC issuers are not included in the Index, often newly up-listed NASDAQ and NYSE Mkt companies are added to the Russell Microcap® Index. IPOs are added to the Index quarterly so the majority of additions to the Index during reconstitution are recent up-lists or