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

5/28/24 5:15:00 PM ET

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TORONTO, May 28, 2024 /CNW/ - The shareholders of Chord Energy Corporation (NASD: CHRD) and Enerplus Corporation (TSX:ERF) (NYSE:ERF) have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of Enerplus will be exchanged for 0.10125 shares of Chord and US$ 1.84 cash. Enerplus will be removed from the S&P/TSX Composite Index prior to the open of trading on May 31, 2024. The shares outstanding of Chord will be increased at the same time to reflect the issuance of shares.

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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.

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SOURCE S&P Dow Jones Indices LLC.

View original content: http://www.newswire.ca/en/releases/archive/May2024/28/c9829.html

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Chord Energy Corporation $CHRD	1/13/2025	$208.00 → $138.00	Buy → Neutral	BofA Securities
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