MELRIDGE <BULB> UNIT IN REAL ESTATE AGREEMENT
Melridge Inc said its 50 pct
owned Conroy's Inc subsidiarey, which franchises flower shops,
has entered into an agreement for an affiliate of Public
Storage Inc to acquire and develop real estate for the
expansion of Conroy's franchise operations.
    The company said under the agreement, Public Storage will
obtain an undisclosed equity interest in Conroy's and Melridge
and undisclosed equity interest in the Public Storage affiliate.
 Reuter
