PLAZA GROUP COMPLETES MERGER TRANSACTION

  &lt;Plaza Group> said it completed a
  transaction in which it merged its wholly owned subsidiary,
  Flyfaire International Inc, into Shefra Inc, a public company,
  in return for a controlling interest in Shefra.
      With completion of the merger, Shefra changed its name to
  Flyfaire International Inc.
      Flyfaire, with annual sales of 100 mln dlrs, is engaged in
  the wholesale vacation travel business.
  

