ROANOKE TIMES

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, February 16, 1993                   TAG: 9302170320
SECTION: BUSINESS                    PAGE: A-4   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short


IN BUSINESS

Bidders' seminar for RTC auction

People interested in bidding on any of 19 Roanoke-area properties to be sold next Monday by the Resolution Trust Corp. can attend a free bidders' seminar today.

The seminar will start at 7 p.m. at the Roanoke Airport Marriott hotel. RTC and staff from JP King Auction Group, which is conducting the sale, will be available to answer questions.

Properties to be sold include bank branches and condominiums at Snowshoe Resort. The sale also will be held at the Roanoke Marriott.

Questions can be directed to King's auction information office at 30-36 Church Ave., Roanoke, (703) 985-0881. The office is open 10 a.m.-5 p.m. Monday through Saturday and 1-4 p.m. Sunday.

- Staff report

Centel shareholders' lawsuit dismissed

Centel Corp., Chicago-based operator of telephone and cellular telephone service with customers in Western Virginia, said Monday the Circuit Court of Cook County, Ill., has dismissed without prejudice a lawsuit brought on behalf of Centel's shareowners challenging the fairness of the corporation's merger with Kansas City-based Sprint Corp.

Still pending in federal court is a class action suit on behalf of Centel shareowners opposed to the merger.

Chicago-based Centel and Sprint have said they expect the merger of the two companies to be completed in March, pending regulatory approvals.

- Staff report



by Archana Subramaniam by CNB