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

TORONTO, Feb. 27, 2020 /CNW/ - S&P Dow Jones Indices announces the following changes to the S&P/TSX Composite Index:

The majority of shareholders of Hudson's Bay Company (TSX:HBC) have agreed to the Privatization Transaction whereby each share of Hudson's Bay Company will receive a CAD$11.00 cash consideration. Subject to the final order from the Ontario Superior Court of Justice and completion of certain customary closing conditions, Hudson's Bay Company shares will be removed from the S&P/TSX Composite Index prior to the open of trading on Tuesday, March 3, 2020.

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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 products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define 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.