Hi there, article from AFR

Bellamy's on the way out, so who's joining the ASX200?Sarah Thompson, Anthony Macdonald and Tim BoydDec 4, 2019 — 9.33pmSaveShare

Bellamy's shareholders are expected to vote in favour of China Mengniu Dairy's $1.5 billion proposal to acquire it at a meeting on Thursday.Bellamy's chief executive Andrew Cohen. Paul JeffersStreet Talk understands that based on proxy votes, the proposal will be overwhelmingly approved by shareholders.And it's perhaps not surprising given there was no counter-offer on the table, the deal was lobbed at a healthy premium, and FIRB interference was no longer a concern.To recap, China Mengniu's September offer was at $13.25 a share, which represented a 54 per cent premium to Bellamy's three month VWAP at the time.Fundies were already a few steps ahead and thinking about which stock will replace the infant formula giant on the S&P/ASX200 index.RELATED QUOTESBALBellamy's Australia$13.140.001 year1 dayNov 18Mar 19Jul 19Nov 197.009.0011.0013.00Updated: Dec 5, 2019 — 7.02am. Data is 20 mins delayed.View BAL related articles EMLEML Payments$4.400.00Nov 18Mar 19Jul 19Nov 191.002.003.004.005.00AdvertisementThe stock that cracks the ASX200 can get a nice little share price boost as index funds pile in, which wouldn't go astray a few weeks before New Year's rolls around and active managers calculate how they've done in 2019.

A two-horse raceThe two most hotly tipped stocks to join are digital gift card and pre-paid card company EML Payments and automotive retail group AP Eagers.The six-month reference period the S&P committee would use to calculate the index rebalance – deciding which stock would enter the 200 – ended last Friday. During that six-month period, AP Eagers acquired Automotive Holdings Group.S&P typically hands down its verdict on who has made the cut within three business days of shareholders voting in favour of a scheme vote.However, it can be much quicker.When DuluxGroup shareholders approved a takeover by Nippon Paint in July, Dulux was removed from the index that day and replaced by Pro Medicus.The quarterly rebalance for the index is on its way as well.The S&P will announce the results of its quarterly rebalance on December 13 and the changes to the index will be implemented after market close on December 20.

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