SETON &lt;SEL> DIRECTORS APPROVE MERGER AGREEMENT
  Seton Co said its board of
  directors unanimously approved an agreement and plan of merger
  providing for the merger of Seton with a unit of S Acquisition
  Corp, a New Jersey company.
      Seton said its board of directors unanimously approved the
  merger in a meeting held today.
      Seton said the agreement and plan of merger provides that
  all shares of Seton Co common stock not held by S Acquisition
  Corp, or its units, will be converted upon the merger into the
  right to receive 15.88 dlrs per share in cash.
  

