S&P Dow Jones Indices Announces Treatment of CBS Corp. Split-off in S&P 500; CBS Outdoor Americas Inc. Not Added to an S&P Index

Jul 03, 2014, 13:19 ET from S&P Dow Jones Indices

NEW YORK, July 3, 2014 /PRNewswire/ -- S&P Dow Jones Indices announces treatment of CBS Corp. (NYSE: CBS) Split-off in S&P 500:

  • CBS Corp. is offering to exchange shares of CBS Outdoor Americas Inc. (CBSO.NYSE) that are owned by CBS for outstanding shares of CBS Class B common stock. The exchange offer will expire at 12:00 midnight, NYC time, on July 9, 2014, unless the offer is extended or terminated. S&P DJI will not add the split-off company to any S&P 1500 index at the completion of the transaction. CBS Corp. will remain in the S&P 500. 

About S&P Dow Jones Indices

S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average(SM), S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit  www.spdji.com.

It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, and their respective affiliates, parents, subsidiaries, directors, officers, shareholders, employees and agents (collectively "S&P Dow Jones Indices") does not sponsor, endorse, sell, or promote any investment fund or other vehicle that is offered by third parties and that seeks to provide an investment return based on the returns of any S&P Dow Jones Indices index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices or its affiliates do not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

STANDARD & POOR'S and S&P are registered trademarks of Standard & Poor's Financial Services LLC.  "Dow Jones" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").

For more information:

Dave Guarino Communications S&P Dow Jones Indices dave.guarino@spdji.com  (212) 438-1471

David Blitzer Managing Director and Chairman of the Index Committee S&P Dow Jones Indices david.blitzer@spdji.com  (212) 438-3907  

SOURCE S&P Dow Jones Indices