LDG Longs Drug Stores Corp

NEW YORK, Oct. 13 /PRNewswire/ -- S&P U.S. REIT Composite constituent Post Properties Inc. (NYSE:PPS) will replace Longs Drug Stores Corp. (NYSE:LDG) in the S&P SmallCap 600 after the close of trading on Wednesday, October 15. Longs Drug Stores is being acquired by S&P 100 & 500 constituent CVS Caremark Corp. (NYSE:CVS) in a deal expected to close on or about that date, pending final approvals. Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/. Post Properties, operating as a REIT, develops, owns and manages multifamily apartment communities. Headquartered in Atlanta, GA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Residential REITs Sub-Industry index. Following is a summary of the change: S&P SMALLCAP 600 INDEX - October 15, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Post Properties Financials Residential REITs DELETED Longs Drug Stores Consumer Staples Drug Retail Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned. About Standard & Poor's Index Services Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.5 trillion invested and $4.85 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit http://www.standardandpoors.com/indices. About Standard & Poor's Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com/. DATASOURCE: Standard & Poor's CONTACT: David M. Blitzer, Ph.D., Managing Director & Chairman of the Index Committee, +1-212-438-3907 Web Site: http://www.standardandpoors.com/ http://www.standardandpoors.com/indices

Copyright