In Brief: United Cos. Selling $650M of Pass-Throughs

United Companies Financial Corp. is offering a $650 million pool of mortgage-backed pass-through certificates for public sale.

Prudential Securities Inc. will serve as the lead underwriter of the sale, with Salomon Brothers Inc. and CS First Boston Corp. as co-managers.

United Companies has also appointed Timothy L. Shepherd director of marketing, responsible for overseeing the companies nationwide retail branches.

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