The amalgamation of Falconbridge Ltd. (TSX:FL) and Noranda Inc. (TSX:NRD.LV) on June 30 has resulted in changes to Standard & Poor’s Canadian indices effective the close of business Tuesday, July 5.
The newly amalgamated company going forward from Noranda Inc. will be called Falconbridge Ltd. (TSX:FAL.LV).
As a result of the issuance of new Falconbridge shares, the relative weight of new Falconbridge will increase by approximately:
- 0.06% in the S&P/TSX composite and capped composite;
- 0.09% in the S&P/TSX 60 and 60 capped;
- 0.43% in the S&P/TSX capped materials; and
- 1.68% in the S&P/TSX capped diversified metals and mining indices.
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.