The REIT will replace SunGard Data Systems.Paramus-based Vornado Realty Trust (NYSE: VNO) announced that its shares will soon be included as a component of the Standard & Poor”s 500 Index.
The real estate investment trust says its shares will take the place of SunGard Data Systems after the software and information technology services
company is acquired by a private group of investors led by Silver Lake Partners. The deal is expected to close in the third quarter.
At the close of trading Vornado shares were up $2.00 to $88.00.