TRAVELERS <TIC> UNIT TO BUY REALTY DIVISIONS
The Travelers Corp's Travelers
Mortgage Services said it signed a letter of intent to buy two
subsidiaries of the privately-held <Equitable Life Assurance
Society of the U.S.>
    The company said it plans to acquire the Equitable
Relocation Management Corp and the Equitable Realty Network
Inc.
    The company said the acquisitions will give it broader
distribution of its corporate relocation service and mortgage
programs.
 Reuter
