A Share Update in the S&P/TSX Composite
Index
TORONTO, Aug. 4, 2016 /CNW/ - S&P Dow Jones Canadian
Index Services will make the following changes in the S&P/TSX
Canadian Indices:
Emera Incorporated (TSX:EMA) has completed the acquisition of
TECO Energy, Inc. (NYSE:TE). TECO Energy shareholders will receive
$US27.55 cash per share held. To
reflect the issuance of common shares of Emera as part of the
financing of the transaction, the relative weight of Emera will
increase in the S&P/TSX Composite and Capped Composite, the
S&P/TSX 60 and 60 Capped, the S&P/TSX 60 Fossil Fuel Free,
the S&P/TSX Composite Dividend, the S&P/TSX Composite High
Dividend and the S&P/TSX Capped Utilities Indices. There will
be no change to the relative weight for Emera in the S&P/TSX
Composite Equal Weight, the S&P/TSX Canadian Dividend
Aristocrats, the S&P/TSX 60 Equal Weight or the S&P/TSX
Composite Low Volatility Indices. These changes will be effective
after the close of trading on Thursday,
August 11, 2016.
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
