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Phibro-Salomon Inc. Changes Name to Salomon Inc.

May 8, 1986 GMT

NEW YORK (AP) _ Salomon Inc. has become the new name for the corporate parent of the Salomon Brothers investment banking firm and the Philipp Brothers commodities company.

At an annual meeting Wednesday shareholders approved a previously announced management proposal to change the name from Phibro-Salomon Inc., as the holding company was called after Phibro Corp. acquired Salomon Brothers Inc. in October 1981.

Salomon Inc., through its Salomon Brothers, Philipp Brothers and Pibro Energy concerns, provides diversifed financial services and engages in the international trading of securities, crude oil and petroleum products and other commodities.