NEW YORK — CDW Corp. (NASD: CDW) will replace Total System Services Inc. (NYSE: TSS) in the prestigious S&P 500 index prior to the open of trading on Monday, September 23. S&P 500 constituent Global Payments Inc. (NYSE: GPN) is acquiring Total System Services in a transaction expected to be completed after the market close today.
CDW Corp provides integrated information technology solutions to business, government, education, and healthcare customers. Headquartered in Lincolnshire, IL the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Technology Distributors index.
Following is a summary of the change:
| S&P 500 INDEX – September 23, 2019 | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | CDW Corp | Information Technology | Technology Distributors |
| DELETED | Total System Services | Information Technology | Data Processing & Outsourced Services |
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