Acquisition by CNCP has yet to receive court approval
PetroKazakhstan Inc (TSX:PKZ) will not be removed from the S&P/TSX Composite, and other affected indices, effective after the close of business today.
Standard & Poor’s Canadian Index Operations said that the stock will remain in the indices because the acquisition of PetroKazakhstan by China National Petroleum Corp. has not yet received court approval.
PetroKazakhstan shareholders approved the US$4.2 billion sale yesterday.
Russia’s OA0 Lukoil is challenging the sale.
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