S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices

A Deletion from the S&P/TSX Composite Index

TORONTO, May 11, 2018 /CNW/ - S&P Dow Jones Indices Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:  

METRO Inc. (TSX:MRU) and The Jean Coutu Group (PJC) Inc. (TSX:PJC.A) have finalized an Amalgamation Agreement. MRU has acquired PJC.A for a combination of cash and MRU shares such that 75% of the aggregate consideration to be paid will be cash and 25% will be paid in MRU shares. On a pro-rated basis, PJC.A shareholders will receive, for each share held, $CDN18.375 in cash and 0.152515 shares of MRU.

Effective at the open of trading on Tuesday, May 15, 2018, PJC.A will be removed from all S&P/TSX indices where it is a constituent. To reflect the shares issued by MRU as part of the transaction, the new shares outstanding of MRU will be increased.

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SOURCE S&P Dow Jones Indices LLC.