MINNEAPOLIS-Realco Inc. said it will soon call a special meetingof shareholders to ratify its proposed purchase ofEquity Securities Investments, a Minneapolis-basedsecurities firm, a merger that will result in the company’s transformation from primarily a real estate sales and constructionorganization to one that emphasizes financialservices.

Issues relating to thatrestructuring and rapid expansion will also bediscussed at the shareholder’s meeting.”This transaction and the additional capital it willprovide is expected to rapidly fuel the quantity andquality of initial public offerings managed by thefirm,” says Laurence S. Zipkin, chairman of Equity.Realco wants to “broaden its business,” says JamesArias, president and chief executive officer ofRealco.

Equity, which has a longhistory of managing initial public offerings, alsoexpects to show dramatic growth in its investmentbanking business once the merger is completed. Under the terms of the deal, Zipkin will becomechairman of the combined company, while Edward Adams,president and CEO of Equity, will become its executivevice president.

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