Business
Standard & Poor's Announces Changes In S&P/TSX Canadian Indices
Standard & Poor's Announces Changes In S&P/TSX Canadian Indices.
About this update from First Quantum Minerals Ltd.
[{"type":"text","content":"\n\n\n\nTORONTO, May 14 /CNW/ - Standard & Poor's Canadian Index Operations\nannounces the following index changes:\n\n\n- The shareholders of Novelis Inc. (TSX:NVL) have accepted the $US44.93\n per share cash offer from Hindalco Industries Limited (BSE:HINDALCO).\n Novelis Inc. will be removed from the S&P/TSX Composite and Capped\n Composite, the S&P/TSX Equity, Capped Equity and Equity 60, the\n S&P/TSX 60 and 60 Capped and the S&P/TSX Capped Materials Indices.\n First Quantum Minerals Ltd. (TSX:FM) will replace Novelis Inc. in the\n S&P/TSX 60, 60 Capped and Equity 60 indices. The transaction will be\n effective after the close on Thursday, May 17, 2007.\n\n\nCompany additions to and deletions from an S&P equity index do not in any\nway reflect an opinion on the investment merits of the company.\n\n\nAbout Standard & Poor's\n\n\nStandard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is\nthe world's foremost provider of financial market intelligence, including\nindependent credit ratings, indices, risk evaluation, investment research and\ndata. With approximately 7,500 employees, including wholly owned affiliates,\nlocated in 21 countries, Standard & Poor's is an essential part of the world's\nfinancial infrastructure and has played a leading role for more than 140 years\nin providing investors with the independent benchmarks they need to feel more\nconfident about their investment and financial decisions. For more\ninformation, visit http://www.standardandpoors.com\n\n\nFounded in 1888, The McGraw-Hill Companies is a leading global\ninformation services provider meeting worldwide needs in the financial\nservices, education and business information markets through leading brands\nsuch as Standard & Poor's, BusinessWeek, McGraw-Hill Education and J.D. Power\nand Associates. The Corporation has more than 240 offices in 36 countries.\nSales in 2005 were $6.0 billion. Additional information is available at\nhttp://www.mcgraw-hill.com.\n\n\n","length":2128,"tagName":"div"}]