SETON <SEL> DIRECTORS APPROVE MERGER AGREEMENT
Seton Co said its board of
directors unanimously approved an agreement and plan of merger
providing for the merger of Seton with a unit of S Acquisition
Corp, a New Jersey company.
    Seton said its board of directors unanimously approved the
merger in a meeting held today.
    Seton said the agreement and plan of merger provides that
all shares of Seton Co common stock not held by S Acquisition
Corp, or its units, will be converted upon the merger into the
right to receive 15.88 dlrs per share in cash.
   
 Reuter
