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St Paul/Travelers Merger Proceeds

The St. Paul Cos.' pending merger with Travelers Property Casualty Corp. is one step closer to being realized. The U.S. Federal Trade Commission has given...
December 30, 2003

The St. Paul Cos.' pending merger with Travelers Property Casualty Corp. is one step closer to being realized. The U.S. Federal Trade Commission has given clearance of any anti-trust concerns about the merger, which would create the second-largest commercial insurer in the U.S. The approval constitutes the first major step toward regulatory authorization of the deal.

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