Hdgs to be removed from the S&P/ASX Indices
I am new to stock trade and based on Sydney. Just bought some stock of Wotif last week. but yesterday heard of news saying,
Sydney , October 8 , 201 4 : S&P Dow Jones Indices announced today
that it will removeWotif.com Holdings Limited (ASX:WTF)from the
S&P/ASX 200, subject to shareholder and final court approval of the
proposed scheme of arrangement under which the company will be
acquired by Expedia, Inc. S&P Dow Jones Indices will remove Wotif.com
Holdings Limited from the S&P/ASX 200 after the close of trading on
October 15,2014.
Wotif.com Holdings Limited will be replaced by Healthscope Limited
(ASX:HSO) in the S&P/ASX 200 after the close of trading onOctober
15,2014
What does it really means?
Will i loose all the Wotif Stock or All the stocks will be transferred to Healthscope limited?
(1)1 Comments
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As I said in the comments, from the SMH article, you will get .30 per share you hold in Wotif.
The bit about Wotif veing replaced in the S&P ASX200 index by another company has no impact on your shares in Wotif. It just means that the index (the amalgamation of 200 companies) will have one drop out (Wotif) and another replace it (Healthscope).
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