Corus to exit FTSE-100 Index after Tata buy
The Economic Times — March 29, 2007

Britain's largest steelmaker Corus Group will exit the benchmark FTSE 100 index on March 30, after its takeover by India's Tata Steel, index provider FTSE said on Wednesday. It will be replaced by Schroders. The investment bank will enter the FTSE 100 as the highest positioned company by market capitalisation on the FTSE 100 reserve list based on Wednesday's close. FTSE rejigs its indexes every three months and keeps a reserve list containing the next six companies ranked in order of market capitalisation below the FTSE 100. Corus Group shareholders voted earlier this month to accept the $11.3 billion (euro8 6 billion) offer from India's Tata Steel.