In the news release, S&P Dow Jones Indices Announces Changes
to the S&P/TSX Canadian Indices, issued 20-Jun-2017 by S&P Dow Jones Indices LLC.
over CNW, we are advised by the company that CIBC's acquisition of
PrivateBancorp, Inc. has not yet been completed. The complete,
corrected release follows:
S&P Dow Jones Indices Announces Changes to the S&P/TSX
Canadian Indices
A Share Update in the S&P/TSX Composite
Index
TORONTO, June 20, 2017 /CNW/ - S&P Dow Jones Indices
Canadian Index Services will make the following changes in the
S&P/TSX Canadian Indices:
In anticipation of Canadian Imperial Bank of Commerce - CIBC
(TSX:CM) acquisition of PrivateBancorp, Inc. (NASDAQ:PVTB) and the
issuance of common shares as part of the transaction, the relative
weight of CIBC will increase in the S&P/TSX Composite and
Capped Composite, the S&P/TSX 60, 60 Capped and 60 ESG Factor
Weighted, the S&P/TSX Composite Dividend, the S&P/TSX
Composite High Dividend, the S&P/TSX 60 Carbon Efficient, the
S&P/TSX 60 Fossil Fuel Free, the S&P/TSX 60 Fossil Fuel
Free Carbon Efficient and the S&P/TSX Capped Financial Indices
prior to the open of trading on Monday, June
26, 2017. There will be no change to the relative weight of
CIBC in the S&P/TSX Composite Equal Weight, the S&P/TSX 60
Equal Weight, the S&P/TSX Canadian Dividend Aristocrats, the
S&P/TSX Composite Low Volatility, the S&P/TSX 60 Carbon
Efficient Select, the S&P/TSX 60 Fossil Fuel Free Carbon
Efficient Select or the S&P/TSX Equal Weight Diversified Banks
Indices.
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
based on any other provider in the world. With over 1,000,000
indices and more than 120 years of experience constructing
innovative and transparent solutions, S&P Dow Jones Indices
defines 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.
