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 Fortis Inc.
[{"type":"text","content":"\n\n\n\nTORONTO, May 17 /CNW/ - Standard & Poor's Canadian Index Operations\nannounces the following index changes:\n\n\n- Fortis Inc. (TSX:FTS) has announced the closing of the acquisition of\n the natural gas distribution assets of Terasen Inc. from Kinder Morgan\n Inc.. The relative weight of Fortis Inc. will increase in the S&P/TSX\n Composite and Capped Composite, the S&P/TSX Completion and Equity\n Completion, S&P/TSX Capped Utilities, S&P/TSX Equity and Capped Equity\n indices to reflect the issuance of shares as part of the transaction,\n which will be effective after the close of Friday, May 25, 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":2066,"tagName":"div"}]