A Deletion and Replacement in the S&P/TSX 60 Index
TORONTO, March 25, 2014 /CNW/ - S&P Dow Jones Canadian Index Services
will make the following changes in the S&P/TSX Canadian Indices:
Shoppers Drug Mart Corporation (TSX:SC) has announced the receipt of all
regulatory, shareholder and court approvals for its transaction with
Loblaw Companies Limited (TSX:L). The shares of Shoppers Drug Mart will
be acquired by Loblaw Companies in exchange for a combination of cash
and shares. The shares of Shoppers Drug Mart will be removed from the
S&P/TSX Composite, Capped Composite and Composite Equal Weight, the
S&P/TSX 60, 60 Capped, 60 130/30 and 60 Equal Weight, the S&P/TSX
Capped Consumer Staples, the S&P/TSX Composite Dividend and the S&P/TSX
Canadian Dividend Aristocrats Indices after the close of trading on
Monday, March 31, 2014. Pembina Pipeline Corporation (TSX:PPL) will be
removed from the S&P/TSX Completion Index and added to the S&P/TSX 60,
60 Capped, 60 Equal Weight and the S&P/TSX Equal Weight Oil & Gas
Indices. Pembina Pipeline will not be added to the S&P/TSX 60 130/30
Index at this time. The relative weight of Loblaw Companies will be
increased in the S&P/TSX Composite and Capped Composite, the S&P/TSX 60
and 60 Capped, the S&P/TSX Capped Consumer Staples and the S&P/TSX
Composite Dividend Indices to reflect the issuance of new shares as
part of the transaction. There will be no relative weight change at
this time for Loblaw Companies in the S&P/TSX Composite Equal Weight,
the S&P/TSX 60 Equal Weight or the S&P/TSX 60 130/30 Indices.
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SOURCE S&P Dow Jones Indices
Tony North
Director, Canadian Index Operations
S&P Dow Jones Indices
(+) 416 507 3204
tony.north@spdji.com
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+) 212 438 3907
david.blitzer@spdji.com
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