Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices

TORONTO, Sept. 22 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes: 

• The shareholders of Biovail Corporation (TSX:BVF) and Valeant Pharmaceuticals International (NYSE:VRX) are expected to agree to a Plan of Merger. Pursuant to the plan, the shares of Biovail (to be renamed Valeant Pharmaceuticals International, Inc. and to trade under the TSX ticker VRX) will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX 60, 60 Capped and Equity 60, the S&P/TSX Equity and the S&P/TSX Capped Equity Indices to reflect the issuance of new shares as part of the transaction. The transaction will be effective after the close of trading on Monday, September 27, 2010

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.

About S&P Indices

S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely-watched commodities index and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.

About Standard & Poor's

Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data.  With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for nearly 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit: www.standardandpoors.com.

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