FTC Grants Early End to St. Paul/Travelers Merger Review

December 24, 2003

The St. Paul Companies and Travelers Property Casualty Corp. announced that the Federal Trade Commission has granted early termination of the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act in connection with the proposed merger between Travelers and The St. Paul.

The merger, announced in November, is expected to close in the second quarter of 2004, pending receipt of additional regulatory and shareholder approvals.

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