By Selina Williams 
 

LONDON--Beverage can maker Rexam PLC (REX.LN) will take BG Group PLC's (BG.LN) spot in the FTSE-100 on Monday, a statement from the FTSE said Friday.

BG is being taken over by Royal Dutch Shell PLC (RDSA.LN) in a $50 billion deal. The new combined energy company will start trading on the London Stock Exchange on Monday.

It's unclear how long Rexam, which has a market capitalization of 4.16 billion pounds ($6.05 billion), will remain in the index. The British company is under offer from U.S. rival Ball Corp. (BLL) in a cash and shares deal valued at GBP4.4 billion. The companies have said the deal is expected to complete in the first half of this year.

The FTSE 100 is a share index of the 100 most highly-capitalized companies listed on the London Stock Exchange.

The constituents of the FTSE 100 is reviewed quarterly, with the next review due on March 2.

 

Write to Selina Williams at selina.williams@wsj.com

 

(END) Dow Jones Newswires

February 12, 2016 07:27 ET (12:27 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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