Aug. 25 (UPI) -- Standard and Poor's Dow Jones Indices said Monday that Interactive Brokers will join the S&P 500 Index, replacing Wagreens' parent company, when trading opens Thursday on the New York Stock Exchange and Nasdaq.
The global brokerage company, which provides an integrated electronic trading platform, will replace Walgreens Boots Alliance because it will be taken private in a planned deal with Sycamore Partners, S&P Global said.
Interactive Brokers, based in Greenwich, Conn., with 3,085 employees in the United States and offices worldwide, has been in the S&P MidCap 400.
Walgreens Boot Alliance, based in Deerfield, Ill., was formed in 2014 with the merger of Walgreens, the second-largest drugstore chain in the United States behind CVS, and Swiss-based health and beauty retailer Alliance Boots.
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