CYCLOPS <CYL> HOLDERS APPROVE DIXONS MERGER
Dixons Group Plc said shareholders at a
special meeting of Cyclops Corp approved the previously
announced merger of Cyclops with Dixons.
    Under the terms of the merger, Dixons said the remaining
public Cyclops shareholders are to receive 95 dlrs a share.
    Dixons also said the previously announced sale of Cyclops
steel and nonresidential construction businesses to a former 
Alleghany Corp <Y> subsidiary is expected to be completed June
30. After the sale, Cyclops will retain its specialty retailing
business and change its name to Silo Inc, said Dixons.
 Reuter
