HARTFORD, CONN. — Advest Group Inc.’s shareholders have approved a deal to sell it to Mony Group Inc., the New York insurance company.

Of the shares voted, 98.89% were in favor of the acquisition. Advest held a special meeting of shareholders last week for the vote.

Michael I. Roth, chairman and chief executive officer of Mony Group, said in a press statement that the acquisition of Advest Group is moving forward as planned and should be completed by early 2001.

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