FEDERATED WILL COVER CREDIT FOR BROADWAY IF MERGER IS OK'D

NEW YORK--Suppliers shipping Broadway Stores will have a credit guarantee from Federated Department Stores only if the merger with Broadway is concluded. Federated said Tuesday once the merger is completed, it will honor all outstanding spring purchasing commitments made by Broadway.
Federated conceded there is always a risk with a transaction as complex as the Broadway merger. The closing is targeted for mid to late October."
Jeremiah J. Sullivan, president of Macy's West, said Broadway's is continuing spring plans under the merger agreement.

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