First Union Sells Certain Properties to Radiant Investors, Shareholders to Vote

NEW YORK CITY-First Union is expected to call a fourth quarter special shareholders meeting so they may vote on the sale contract of certain properties to Radiant Investors.

By Amy Vaughn | September 14, 2000 at 01:01 AM

In order to enable the sale, the shareholders of the company must vote to give their consent. A special fourth quarter 2000 is expected and proxy material will be sent to shareholders outlining the sale contract, seeking their support.

First Union reports that Radiant will assume responsibility for mortgages on particular properties. The total mortgage amount is approximately $125 million.

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