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Technology Stocks : CUC Int'l- Cybermarketeer?

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To: Ann Williams who wrote (182)7/18/1997 2:54:00 PM
From: Mark Lijewski   of 243
 
Whoop! Here it is:

HFS ends talks for Montgomery Ward unit

PARSIPPANY, N.J., July 18 (Reuter) - HFS Inc said on Friday that it has terminated talks to acquire Signature Financial/Marketing Inc from bankrupt retailer Montgomery Ward & Co Inc.

Since Montgomery Ward filed Chapter 11 on July 7, HFS said in a statement, the parties have not been able to strike a deal that meets HFS's acquisition criteria.

HFS said its strategic objectives in direct marketing will be met through its pending merger with CUC International Inc (CU).
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