NEW YORK, July 9, 2019 /PRNewswire/ -- T-Mobile US Inc
(NASD: TMUS) will replace Red Hat Inc. (NYSE: RHT) in the S&P
500 effective prior to the open of trading on Monday, July 15. S&P 500 & 100
constituent International Business Machines Corp. (NYSE: IBM) is
acquiring Red Hat in a deal that closed today.
T-Mobile US provides mobile communications services.
Headquartered in Bellevue, WA, the
company will be added to the S&P 500 GICS (Global Industry
Classification Standard) Wireless Telecommunication Services
Sub-Industry index.
Following is a summary of the change:
|
S&P 500 INDEX
– July 15, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
T-Mobile
US
|
Communication
Services
|
Wireless
Telecommunication
Services
|
|
DELETED
|
Red Hat
|
Information
Technology
|
Systems
Software
|
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