Standard & Poor's Canadian Index Operations announces the following index changes:
- On August 18, 2011, the bid by Canadian Tire Corporation (TSX:CTC.A) to acquire Forzani Group Ltd. (TSX:FGL) expired. Canadian Tire will acquire Forzani Group for $CDN26.50 cash per share. Forzani Group will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Completion and Equity Completion, the S&P/TSX Equity and Capped Equity, the S&P/TSX SmallCap and Equity SmallCap, the S&P/TSX Capped Consumer Discretionary and the S&P/TSX Composite Dividend Indices effective after the close of Wednesday, August 24, 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.