Federated shareholders vote to approve Macy's merger.CINCINNATI--(BUSINESS WIRE)--Nov. 29, 1994--Shareholders of Federated Connected and treated as one. See federated database and federated directories. Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , Inc. today overwhelmingly voted to approve the company's planned merger with R.H. Macy & Co., Inc., which is expected to take place late this year. More than 98 percent of the shareholder votes cast were voted in support of the merger. Of the total 94,359,789 votes cast, 92,777,521 shares of Federated common stock were voted in favor of upon the side of; favorable to; for the advantage of. See also: favor the merger and 1,427,862 shares, representing 1.51 percent of the votes cast, were voted in opposition to the merger. A total of 154,406 shares abstained or withheld their vote on the merger resolution. "We are tremendously pleased and gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by today's shareholders' vote, which moves us one important step closer to effecting the merger of these two outstanding retail companies," said Allen Al·len , Edgar 1892-1943. American anatomist who is noted for his studies of hormones and for the discovery (1923) of estrogen. Questrom, Federated's chairman and chief executive officer. "By their votes, Federated's shareholders demonstrated their confidence that the potential inherent in the Federated and Macy's merger will be realized, and that the combined company will be a stronger and more effective value competitor in the years ahead." In addition to the vote on the merger, Federated's shareholders also voted to approve the company's 1995 equity incentive compensation plan. The resolution in support of this issue passed on a vote of 71,436,132 shares or 75.47 percent of the votes cast in favor to 21,875,464 shares or 23.11 percent of the votes cast against. Following today's vote, the merger still must be approved by Macy's creditors and the U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. of the Southern District of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , where Macy's is in Chapter 11 reorganization. Voting by Macy's creditors currently is underway, and the Court has scheduled a December 8 hearing on confirmation of the Federated/Macy's joint plan of reorganization. CONTACT: Federated Department Stores, Inc., Cincinnati
Media - Carol Sanger, 513/579-7764
Investor - Susan Robinson, 513/579-7780
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