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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).




