TORONTO, Feb. 12, 2020 /CNW/ - S&P Dow Jones Indices announces the following changes to the S&P/TSX Composite Index:
Following shareholders' approval and subject to the satisfaction of final closing conditions for the merger between Power Corporation of Canada (TSX:POW) and Power Financial Corp. (TSX:PWF) agreeing to the reorganization resulting in the combination of the two companies. Each share of Power Financial Corp. will be exchanged for 1.05 shares of Power Corporation of Canada and CAD$0.01. Power Financial Corp. will be removed from the S&P/TSX Composite Index prior to the open of trading on Wednesday, February 19, 2020.
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SOURCE S&P Dow Jones Indices LLC.
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