Today, Standard & Poor's announced Host Hotels and Resorts (HST) will be added to the S&P 500 Index at a date to be announced later. HST will replace Phelps Dodge (PD) as PD is being acquired by Freeport-McMoRan Cooper and Gold Inc. (FCX). HST will be the thirteenth REIT added to the S&P 500 as noted in an earlier blog post. The FCX/PD deal still needs to be approved.
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Source: Standard & Poor's