TORONTO, Feb. 12, 2020 /CNW/ - S&P Dow Jones
Indices announces the following changes to the S&P/TSX
Composite Index:
Following shareholders' approval and subject to the satisfaction
of final closing conditions for the merger between Power
Corporation of Canada (TSX:POW)
and Power Financial Corp. (TSX:PWF) agreeing to the reorganization
resulting in the combination of the two companies. Each share of
Power Financial Corp. will be exchanged for 1.05 shares of Power
Corporation of Canada and
CAD$0.01. Power Financial Corp. will
be removed from the S&P/TSX Composite Index prior to the open
of trading on Wednesday, February 19,
2020.
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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SOURCE S&P Dow Jones Indices LLC.