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.