On Monday, Deutsche Börse announced an unscheduled change to SDAX. As a result of the expected acquisition of Braas Monier by Marsella Holdings, the Braas Monier current share class (ISIN LU1075065190) in the index will be replaced with the tendered share class of Braas Monier (ISIN LU1498426326). These changes will become effective on 12 January 2017.
According to the Guide to the Equity Indices of Deutsche Börse AG, this index change is implemented with two trading days notice once an acceptance threshold of at least 50 percent is reached. The number of shares and the free float factor are set to be equal to the values of the current share class in the indices.
After the final acceptance period, the tendered share will be either replaced by the share of another company or by the prior share line of Braas Monier. This process ensures that the relevant criteria of index continuity and tradability are upheld.
The next scheduled index review is 03 March 2017.
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