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Standard & Poor's Announces Changes In S&P Canadian Indices - TSE 300 Composite, TSE 300 Capped, S&P/TSE Canadian SmallCap And TSE 200 Indices

Date 26/04/2002

Standard & Poor's will make the following changes in the TSE 300 Composite, TSE 300 Capped, S&P/TSE Canadian SmallCap and TSE 200 Indices:
  • It has been announced that shareholders of Enserco Energy Service Company Inc. (TSE: ERC) have approved the proposed acquisition by Nabors Industries, Inc. (NYSE: NBR). Effective after the close of business on Monday, April 29, 2002, Pangeo Pharma Inc. (TSE: PIL) will be added to the TSE 300 Composite, TSE 300 Capped, S&P/TSE Canadian SmallCap and TSE 200 Indices replacing Enserco Energy Service Company Inc. Pangeo Pharma Inc. manufactures, distributes and exports private label and Wampole brand vitamin, herbal and OTC pharmaceutical products to North American and International independent and chain pharmacies. The company will be added to the TSE 300 Composite and TSE 300 Capped Indices in the Biotechnology/Pharmaceuticals Group (05.08) and in the S&P/TSE Canadian SmallCap Index in the Health Care Sector.
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.

Standard & Poor's is a leader in providing highly valued financial data, analytical research and investment and credit opinions to the global capital markets. Among the company's many products are the S&P Global 1200, the first real-time, global equity index, the S&P 500, the premier U.S. portfolio index, and credit ratings on more than 220,000 securities and funds With more than 5,000 employees located in 18 countries, Standard & Poor's is an integral part of the world's financial architecture. Additional information is available at www.spglobal.com.

Founded in 1888, The McGraw-Hill Companies is a global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, Business Week and McGraw-Hill Education. The corporation has more than 300 offices in 33 countries. Sales in 2000 were $4.3 billion. Additional information is available at www.mcgraw-hill.com.