Travelers Group on Thursday registered with regulators to issue $72 billion of common stock in connection with its planned acquisition of Citicorp, and it scheduled shareholder meetings on the deal for July 22.

Citicorp stockholders will exchange each of their shares for 2.5 shares of the newly filed securities, which will have the Citigroup name once the deal is closed.

Travelers also said in its filing that the agreement had been amended, with Citicorp now merging into a unit of Travelers, not the parent company. The restructuring should expedite regulatory and funding processes, the companies said.

The several-hundred-page filing with the Securities and Exchange Commission "is a minor milestone on the way to hopefully getting all necessary approvals" for the deal to close, said Michael Mayo, a banking analyst with Credit Suisse First Boston.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.