NEW YORK, Sept. 17, 2019 /PRNewswire/ -- CDW Corp. (NASD: CDW) will replace Total System Services Inc. (NYSE: TSS) in the S&P 500 effective 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
GICS ECONOMIC SECTOR
Total System Services
Data Processing & Outsourced Services
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