Rexam to Take BG Group's Spot in FTSE 100
12 February 2016 - 11:42PM
Dow Jones News
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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