FTSE - Re Del of GTE Corp
June 30 2000 - 10:40AM
UK Regulatory
RNS Number:1417N
FTSE
30 June 2000
Technical Release
GTE Corp: Takeover by Bell Atlantic Corp
Changes in FTSE Indexes
Following the acquisition of GTE Corp (USA) by Bell Atlantic Corp
(USA), FTSE announces the following changes:
INDEX CHANGE EFFECTIVE FROM
START OF TRADING
ON:
FTSE All-World Index GTE Corp (2358194) will be 3 July 2000
deleted.
Bell Atlantic Corp (2090571)
will remain in the index
with an increased share
total of 2,720 million
shares and be renamed
Verizon Communications.
FTSE World Index GTE Corp will be deleted. 3 July 2000
Bell Atlantic Corp will
remain in the index with an
increased share total and
name change as above.
FTSE World Index Ex- GTE Corp will be deleted. 3 July 2000
Multinationals
Bell Atlantic Corp will
remain in the index with an
increased share total and
name change as above.
Notes for Editors:
Background to FTSE International
FTSE International Limited ("FTSE") is one of the world's leading
experts in the creation and management of equity indices and is
jointly owned by the London Stock Exchange and the Financial Times.
With offices in London, New York and Paris, FTSE services clients in
77 countries worldwide. It manages and develops globally recognised
indices ranging from the FTSE All-World Index to the real time FTSE
Eurotop series and the FTSE 100. The company has collaborative
arrangements with the London, Amsterdam, Brussels, Norex, Athens,
Luxembourg and Madrid stock exchanges, as well as with Nikkei of Japan
(Nihon Keizai Shimbun, Inc).
FTSE indexes are used extensively by investors world-wide for
investment analysis, performance measurement, asset allocation and for
creating a wide range of index tracking funds. Committees of senior
fund managers, derivatives experts, actuaries and experienced
practitioners independently review all changes to the indexes ensuring
that they are accurate, timely and without bias.
For further information please contact Client Services on +44 (0) 20
7448 1810 and US: +(1) 212 771 6595
Or, email your enquiries to info@ftse.com or visit our website at
www.ftse.com
END
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