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

DATE: WEDNESDAY, November 30, 1994                   TAG: 9411300095
SECTION: BUSINESS                    PAGE: B-8   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

MACY-FEDERATED MERGER APPROVED

Federated Department Stores Inc. shareholders on Tuesday approved their company's merger with R.H. Macy & Co. Inc. when Macy emerges from bankruptcy court protection next month.

The outcome of the balloting was expected. Federated said 98 percent of shareholders voted in favor of the deal, which would create a $13.5 billion-a-year retailer with about 340 department stores in 35 states.

The merger also is expected to be approved by Macy creditors and U.S. Bankruptcy Court in New York City.

Federated also said its November same-store sales, those from stores open at least a year, rose 6.2 percent and business overall rose 9.7 percent.

- Associated Press

by CNB