Emera Inc. (TSX:EMA) to Replace Canadian
Oil Sands Limited in the S&P/TSX 60 Index Following Suncor
Energy Inc. (TSX:SU) Transaction
TORONTO, Feb. 8, 2016 /CNW/ - S&P Dow Jones Canadian
Index Services will make the following changes in the S&P/TSX
Canadian Indices:
The shareholders of Canadian Oil Sands Limited (TSX:COS) have
accepted a takeover bid from Suncor Energy Inc. (TSX:SU).
Shareholders of Canadian Oil Sands will receive 0.28 shares of
Suncor Energy for each share held. The shares of Canadian Oil Sands
will be removed from the S&P/TSX Composite, Capped Composite
and Composite Equal Weight, the S&P/TSX 60, 60 Capped, 60 ESG
and 60 Equal Weight, the S&P/TSX Capped Energy, the S&P/TSX
Composite Dividend, the S&P/TSX Equal Weight Oil & Gas, the
S&P/TSX High Income Energy, the S&P/TSX Composite High Beta
and the S&P/TSX 60 Carbon Efficient Indices after the close of
trading on Monday, February 22, 2016.
Emera Inc. (TSX:EMA) will be removed from the S&P/TSX
Completion Index and added to the S&P/TSX 60, 60 Capped and the
60 Equal Weight Indices. Emera will not be added to the S&P/TSX
60 ESG Index at this time. Also, Emera will be added to the
S&P/TSX 60 Equal Weight Index at a relative weight equal to the
relative weight of Canadian Oil Sands at the close on Monday, February 22, 2016.
To reflect the issuance of Suncor Energy shares as part of the
transaction, the Relative Weight of Suncor Energy will increase in
the S&P/TSX Composite and Capped Composite, the S&P/TSX 60,
60 Capped and 60 ESG, the S&P/TSX Capped Energy, the
S&P/TSX Composite Dividend, the S&P/TSX High Income Energy
and the S&P/TSX 60 Carbon Efficient Indices. There will be no
change to the relative weight of Suncor Energy in the S&P/TSX
Composite Equal Weight, the S&P/TSX 60 Equal Weight, the
S&P/TSX Equal Weight Oil & Gas, the S&P/TSX Composite
High Beta, the S&P/TSX Canadian Dividend Aristocrats or the
S&P/TSX 60 Carbon Efficient Select Indices.
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