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S&P/ASX 100/200 Index Adhoc Rebalance: Potential Replacements for Altium (ALU AU)

952 Views07 Jul 2024 21:09
The scheme meeting for Renesas' acquisition of Altium is on 12 July. If shareholders approve, Altium will stop trading after 19 July and there will be replacements for the ASX100 and ASX200 indices.
What is covered in the Full Insight:
  • Introduction
  • Renesas to Acquire Altium
  • Altium Ltd (ALU AU) Market Reaction
  • S&P/ASX 100 Index Replacement
  • S&P/ASX 200 Index Replacement
Boomeranged on Thu, 18 Jul 2024 21:21
Passives will need to trade ZIP and TLX at the close today as part of the ad hoc rebalance triggered by Renesas acquiring Altium. ZIP and TLX have traded strong recently and there could be exits from the stock against the passive flows.
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