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


TORONTO, May 13 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:

  • The shareholders of Plutonic Power Corp. (TSX:PCC) have agreed to the merger with Magma Energy Corp. (TSX:MXY) to form Alterra Power Corp. (TSX:AXY). Plutonic Power shareholders will receive 2.38 shares of the new Alterra Power for each share held. Plutonic Power will be removed from the S&P/TSX Clean Technology Index after the close of Tuesday, May 17, 2011. Following the merger with Plutonic Power, the relative weight of Alterra Power Corp. will increase in the S&P/TSX Clean Technology, SmallCap and Equity SmallCap Indices to reflect the issuance of shares as part of the transaction effective at the same date.

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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