FTSE Group said late Wednesday that global engineering solutions provider IMI PLC (IMI.LN) will be joining the FTSE 100 Index replacing Cobham PLC (COB.LN) which will leave the U.K.'s leading blue chip Index and enter the FTSE 250 Index.

MAIN FACTS:

-All changes from the review will be implemented at the close of business Dec. 17 and take effect from the start of trading on Dec. 20.

-IMI shares closed Wednesday at 923.5 pence valuing the company at GBP2.96 billion. Cobham shares closed at 196.4 pence valuing the company at GBP2.27 billion.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com
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