Standard & Poor's Canadian Index Operations announces the following index changes:
- It is expected that the shareholders of International Coal Group, Inc. (NYSE:ICO) will accept the $US14.60 cash per share offer from Arch Coal, Inc. (NYSE:ACI). The bid for International Coal expires before the opening of markets on June 14, 2011. Assuming the bid is successful, International Coal will be removed from the S&P/TSX Global Mining Index after the close of Tuesday, June 14, 2011.
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.