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In the news release, S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices, issued 20-Jun-2017 by S&P Dow Jones Indices LLC. over CNW, we are advised by the company that CIBC's acquisition of PrivateBancorp, Inc. has not yet been completed. The complete, corrected release follows:
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
A Share Update in the S&P/TSX Composite Index
TORONTO, June 20, 2017 /CNW/ - S&P Dow Jones Indices Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
In anticipation of Canadian Imperial Bank of Commerce - CIBC (TSX:CM) acquisition of PrivateBancorp, Inc. (NASDAQ:PVTB) and the issuance of common shares as part of the transaction, the relative weight of CIBC will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX 60, 60 Capped and 60 ESG Factor Weighted, the S&P/TSX Composite Dividend, the S&P/TSX Composite High Dividend, the S&P/TSX 60 Carbon Efficient, the S&P/TSX 60 Fossil Fuel Free, the S&P/TSX 60 Fossil Fuel Free Carbon Efficient and the S&P/TSX Capped Financial Indices prior to the open of trading on Monday, June 26, 2017. There will be no change to the relative weight of CIBC in the S&P/TSX Composite Equal Weight, the S&P/TSX 60 Equal Weight, the S&P/TSX Canadian Dividend Aristocrats, the S&P/TSX Composite Low Volatility, the S&P/TSX 60 Carbon Efficient Select, the S&P/TSX 60 Fossil Fuel Free Carbon Efficient Select or the S&P/TSX Equal Weight Diversified Banks Indices.
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
SOURCE S&P Dow Jones Indices LLC.
View original content: http://www.newswire.ca/en/releases/archive/June2017/20/c8364.html
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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