A Spinout in the S&P/TSX Global Mining
Index
TORONTO, Nov. 21, 2017 /CNW/ - S&P Dow Jones Indices
Canadian Index Services will make the following changes in the
S&P/TSX Canadian Indices:
CONSOL Energy Inc. (NYSE:CNX) has announced a plan to spin out
its coal business on a 1-for-8 basis to a new company named CONSOL
Mining Corp. The spinout company will be added to the S&P/TSX
Global Mining Index effective at the open of trading on
Wednesday, November 29, 2017, at zero
price. The stock is expected to start regular trading at that time
under the NYSE ticker symbol CEIX.
At the open of trading on Wednesday,
November 29, 2017, the parent company CONSOL Energy Inc.
will change its name to CNX Resources Corp. and the stock will
continue to trade under the NYSE ticker symbol CNX. The GICS of
this company will change to 10102020 – Oil & Gas Exploration
& Production – effective at the open the next day, Thursday, November 30, 2017.
Also effective at the open of Wednesday,
November 29, 2017, the spinout company will change its name
to CONSOL Energy Inc. This company will assume the GICS of the
original parent – 10102050 – Coal & Consumable Fuels effective
at the open of Thursday, November 30,
2017.
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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