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?