S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
TSX - Toronto Stock Exchange
Canada NewsWire
TORONTO, Dec. 27, 2017
A Merger of Equals – Potash Corporation of Saskatchewanand Agrium Inc.
TORONTO, Dec. 27, 2017/CNW/ - S&P Dow Jones Indices Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
Agrium Inc. (TSX:AGU) and Potash Corporation of Saskatchewan Inc. (TSX:POT) have announced the completion of a merger of equals to form a new company to be called Nutrien Ltd. (TSX:NTR). The S&P Dow Jones Indices treatment of this transaction for S&P/TSX indices will be as follows (all changes are effective prior to the open of trading on Tuesday, January 2, 2018):
Potash Corporation of Saskatchewan Inc. will be deemed to be the company that goes forward as Nutrien Ltd. Agrium Inc. will be removed from all S&P/TSX indices where it is a constituent prior to the open of trading on January 2, 2018. The outstanding shares of Potash Corporation will be consolidated on a 0.4-for-1 basis. Following this consolidation, the number of shares of Nutrien Ltd. will be increased to reflect the shares issued in exchange for Agrium Inc. Open Text Corporation (TSX:OTEX) will be removed from the S&P/TSX Completion Index and added to the S&P/TSX 60, 60 Capped and 60 Equal Weight Indices to replace Agrium Inc.
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500®and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dowinvented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
SOURCE S&P Dow Jones Indices LLC.
View original content: http://www.newswire.ca/en/releases/archive/December2017/27/c6879.html
S&P Dow Jones Indices, index_services@spglobal.com; Tony North, Director, Canadian Index Operations, Toronto, Ontario, (+1) 416 507 3204, tony.north@spglobal.com; David Blitzer, Managing Director and Chairman of the Index Committee, New York, USA, (+1) 212 438 3907, david.blitzer@spglobal.comCopyright CNW Group 2017