Press release from CNW Group
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Tuesday, April 02, 2013
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices17:15 EDT Tuesday, April 02, 2013
A Deletion from the S&P/TSX Composite and Global Mining Indices
TORONTO, April 2, 2013 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Inmet Mining Corporation (TSX: IMN) have accepted a takeover bid from First Quantum Minerals Ltd. (TSX: FM). Inmet Mining shareholders will receive $CDN72.00 in cash and/or shares of First Quantum Minerals for each share held. Inmet Mining will be removed from the S&P/TSX Composite, Capped Composite and Composite Equal Weight, the S&P/TSX Completion, the S&P/TSX Capped Materials and Capped Diversified Metals & Mining, the S&P/TSX Composite High Beta, the S&P/TSX Global Mining, Global Base Metals and Equal Weight Global Base Metals and the S&P/TSX Composite Dividend Indices after the close of trading on Friday, April 5, 2013. At the same time, the relative weight of First Quantum Minerals will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX 60 and 60 Capped, the S&P/TSX Capped Materials and Capped Diversified Metals & Mining, the S&P/TSX Composite Dividend, the S&P/TSX Global Mining and the S&P/TSX Global Base Metals Indices to reflect the issuance of new shares as part of the transaction. There will be no weight change for First Quantum Minerals in the S&P/TSX Composite Equal Weight, the S&P/TSX 60 Equal Weight, the S&P/TSX 60 130/30, the S&P/TSX Equal Weight Base Metals or the S&P/TSX Composite High Beta Indices.
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SOURCE: Standard & Poor's Canadian Index Operations
For further information:
Director, Canadian Index Operations
S&P Dow Jones Indices
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices