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SECURITY <SPC>, USERS, END MERGER TALKS |
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Security Pacific Corp and |
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<Users Inc>, a credit union data processing concern, said they |
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have mutually agreed to withdraw from further merger |
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negotiations. |
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Users said that since it signed a letter of intent to merge |
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with Security in November, it has received a strong show of |
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support for continuing the credit union ownership of the |
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company with credit unions committing themselves to purchase |
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additional Users common. |
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Users also said it is in the strongest financial position |
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in its 24-year history. |
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