The Travelers Group-Citicorp merger agreement proves that Sanford I. Weill, who has honed a reputation as the financial industry's consummate dealmaker, always has the next deal on his mind.

While attending a Business Council conference Feb. 25 in Washington, the chairman and chief executive officer of Travelers Group decided to visit the hotel room of his Citicorp counterpart, John S. Reed, and suggest they consider a merger.

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