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WE'LL HAVE FUN, FUN, FUN IF CORESTATES TAKES ARENA NAME AWAY
Published March 2, 1998
First Union Corp. shareholders approved the pending $16.6B purchase of CoreStates Financial Corp. First Union said that 97% of the votes cast by its shareholders were in favor of the transaction, which should be completed in April (WALL STREET JOURNAL, 3/2). First Union spokesperson Sandy Deem said that no final decision had been made on changing the name of Philadelphia's CoreStates Center, according to Tim Panaccio of the PHILADELPHIA INQUIRER. One option being bandied about is the FUN Center. Panaccio: "Deem says the company hasn't ruled out First Union Center as a name, despite the double entendre that could accompany the name." CoreStates Complex CEO Peter Luukko confirmed talks with First Union on an arena name: "We explored the possibility of having First Union give up the name to Comcast. But First Union said they wanted to retain successor rights to the arena's name" (PHILADELPHIA INQUIRER, 3/2).