TORONTO, Feb. 4, 2022 /CNW/ - The shareholders of Agnico Eagle Mines Limited (TSX: AEM) and Kirkland Lake Gold Ltd. (TSX: KL) have agreed to a merger of equals resulting in the combination of the two companies by plan of arrangement. Each share of Kirkland Lake Gold will be exchanged for 0.7935 shares of Agnico Eagle Mines. Kirkland Lake Gold will be removed from the S&P/TSX Composite Index and S&P/TSX 60 Index prior to the open of trading on Wednesday, February 9, 2022.
Hydro One Limited (TSX:H) will replace Kirkland Lake Gold in the S&P/TSX 60 Index effective prior to the open of trading on Wednesday, February 9, 2022.
S&P/TSX 60 INDEX – February 9, 2022 | |||
COMPANY | GICS SECTOR | GICS SUB-INDUSTRY | |
ADDED | Hydro One Limited (TSX:H) | Utilities | Electric Utilities |
DELETED | Kirkland Lake Gold Ltd. | Materials | Gold |
S&P/TSX COMPOSITE INDEX – February 9, 2022 | |||
COMPANY | GICS SECTOR | GICS SUB-INDUSTRY | |
DELETED | Kirkland Lake Gold Ltd. | Materials | Gold |
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