Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices

TORONTO, May 31, 2011 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:

  • It is expected that the shareholders of Massey Energy Company (NYSE: MEE) will accept the cash and share offer from Alpha Natural Resources, Inc. (NYSE: ANR). Shareholders of both companies meet on Wednesday, June 1, 2011, to approve the transaction. Assuming shareholder approvals are received, Massey Energy shareholders will receive $US10.00 cash and 1.025 shares of Alpha Natural Resources for each share held. Massey Energy will be removed from the S&P/TSX Global Mining Index after the close of Wednesday, June 1, 2011. Following the acquisition of Massey Energy, the relative weight of Alpha Natural Resources will increase in the S&P/TSX Global Mining Index to reflect the issuance of shares as part of the transaction, also after the close on Wednesday, June 1, 2011.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.

About S&P Indices

S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.


SOURCE Standard

For further information:

Tony North
Standard & Poor's
Director, Canadian Index Services
(416) 507-3204
tony_north@standardandpoors.com

David R. Guarino
Standard & Poor's
Communications
(212) 438-1471
dave_guarino@standardandpoors.com

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Standard & Poor's Canadian Index Operations

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