TORONTO, May 25 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:
- The shareholders of FNX Mining Company Limited (TSX:FNX) and Quadra
Mining Ltd. (TSX:QUA) have approved a Plan of Arrangement whereby the
companies will merge to form Quadra FNX Mining Ltd. The new company
will trade under the new ticker symbol QUX. Shareholders of FNX
Mining will receive 0.87 shares of the new Quadra FNX for each share
held. FNX Mining will be removed from the S&P/TSX Composite and
Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX
Completion and Equity Completion, the S&P/TSX SmallCap and Equity
SmallCap, the S&P/TSX Capped Materials and the S&P/TSX Capped
Diversified Metals & Mining Indices. The relative weight of Quadra
Mining will increase in all the same indices to reflect the issuance
of the new Quadra FNX shares. FNX Mining will also be removed from
the S&P/TSX Global Mining, Global Base Metals and Equal Weight Global
Base Metals Indices. Quadra FNX Mining will be added to the S&P/TSX
Global Mining, Global Base Metals and Equal Weight Global Base Metals
Indices. These changes will all be effective after the close of
trading on Thursday, May 27, 2010.
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.
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SOURCE Standard & Poor's Canadian Index Operations
For further information: For further information: Tony North, (416) 507-3204, email@example.com; Dave Guarino, (212) 438-1471, Dave_guarino@standardandpoors.com