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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 |
|
DELETED |
Red Hat |
Information Technology |
Systems Software |
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