NEW YORK, May 13, 2016 /PRNewswire/ -- Digital Realty Trust Inc. (NYSE: DLR) will replace Time Warner Cable Inc. (NYSE: TWC) in the S&P 500 after the close of trading on Tuesday, May 17. Charter Communications Inc. (NASD: CHTR) is acquiring Time Warner Cable in a deal expected to be completed on or about that date pending final conditions.
Digital Realty Trust, a real estate investment trust (REIT), engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. Headquartered in San Francisco, CA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialized REITs Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX – MAY 17, 2016
GICS ECONOMIC SECTOR
Digital Realty Trust
Time Warner Cable
Cable & Satellite
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