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 (SC.TO) 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 (PPL.TO) 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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