Standard & Poor’s informs about several changes in to to the S&P MidCap 400 index.
Foundry Networks Inc. will be removed effective after the close of trading on Thursday, 18 December. Brocade Communications Systems Inc. is acquiring Foundry Networks in a deal expected to close on or about that date, pending final approvals. Foundry Network’s place in the S&P MidCap 400 will be taken by SL Green Realty Corp. after the close of trading on Monday, 22 December.
SL Green Realty Corp. is a real estate investment trust (REIT). Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Office REITs Sub-Industry index.
L.D.