S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index
TORONTO, Aug. 27, 2025 /CNW/ - The shareholders of Pan American Silver Corp (TSX:PAAS) and MAG Silver Corp. (TSX:MAG) have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of Pan American Silver will be exchanged for US$20.54 in cash or 0.755 shares of Pan American Silver for each MAG Silver share held, subject to proration such that the aggregate consideration paid to MAG Silver consists of US$500 million cash and the remaining consideration in Pan American Silver shares.
In anticipation of shareholder approval and the arrangement closing, MAG Silver Corp will be removed from the S&P/TSX Composite Index prior to the open of trading on September 4, 2025. The shares outstanding of Pan American Silver will be increased at the same time to reflect the issuance of shares. Accordingly, the new shares outstanding of Pan American Silver will be increased to 421,926,547 with a decreased IWF of 0.99.
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
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.
S&P Dow Jones Indices is a division of S&P Global (NYSE:SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
SOURCE S&P Dow Jones Indices LLC.
View original content: http://www.newswire.ca/en/releases/archive/August2025/27/c3802.html