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Rexene Corp

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BUSINESS
June 14, 1990 | United Press International
Chemical and petrochemical products company Rexene Corp. announced a definitive agreement by its operating subsidiary to acquire Poly-Pac Inc. from Rex-Rosenlew International Inc. for about $15 million. Poly-Pac produces specialty blown films at its facility in Dalton, Ga. Rexene said Poly-Pac had revenue of $29.5 million and an operating loss of $1.6 million last year. Rexene spokesman Jonathan Wheeler said the acquisition will be financed with the company's cash holdings.
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BUSINESS
June 14, 1990 | United Press International
Chemical and petrochemical products company Rexene Corp. announced a definitive agreement by its operating subsidiary to acquire Poly-Pac Inc. from Rex-Rosenlew International Inc. for about $15 million. Poly-Pac produces specialty blown films at its facility in Dalton, Ga. Rexene said Poly-Pac had revenue of $29.5 million and an operating loss of $1.6 million last year. Rexene spokesman Jonathan Wheeler said the acquisition will be financed with the company's cash holdings.
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BUSINESS
July 24, 1988 | DAVID A. VISE and STEVE COLL, The Washington Post
On Wall Street, it may well be remembered as the Deal of the Century. Through heavy borrowing, smart timing and perhaps a bit of luck, three partnerships, including current and former officials of the investment firm Drexel Burnham Lambert, are on the verge of turning a $6-million chemical industry investment into nearly $500 million in just three months.
BUSINESS
December 28, 1988 | From Times Wire Services
Sunshine Mining Co. said Tuesday that it plans to acquire plastics maker Rexene Corp. for about $865 million, a step the silver mining company hopes will help it escape the cyclical trap of commodity prices. Officials for the Dallas-based firms said they plan to sign a letter of intent for Sunshine, known primarily for silver mining and natural gas production, to pay $28 for each of Rexene's 30.9 million shares of common stock in cash and securities.
BUSINESS
December 28, 1988 | From Times Wire Services
Sunshine Mining Co. said Tuesday that it plans to acquire plastics maker Rexene Corp. for about $865 million, a step the silver mining company hopes will help it escape the cyclical trap of commodity prices. Officials for the Dallas-based firms said they plan to sign a letter of intent for Sunshine, known primarily for silver mining and natural gas production, to pay $28 for each of Rexene's 30.9 million shares of common stock in cash and securities.
BUSINESS
June 10, 1997
Gregory Penske, son of Penske Corp. Chairman Roger Penske, was promoted to president and chief executive of auto-racing unit Penske Motorsports Inc., replacing Richard Peters. . . . Atlas Copco, a Swedish maker of industrial machinery, said it agreed to buy Houston-based Prime Service Inc. for about $1.16 billion in cash and assumed debt in a bid to enter the growing U.S. machinery rental market. . . . Golden, Colo.-based freight airliner Atlas Air Inc.
BUSINESS
August 22, 1996 | From Times Wire Services
Rising interest rates and a slump in tobacco shares helped send stocks lower Wednesday in a light summer session. The Dow Jones industrial average fell 31.44 to 5,689.82, recovering over the last two hours from a 48-point slide. More than a third of the drop came from Philip Morris, which was dragged lower by the latest storm clouds facing the tobacco industry.
NEWS
December 24, 1988 | BILL SING, Times Staff Writer
Ever since stock speculator Ivan F. Boesky pleaded guilty to insider trading and pointed his finger at widespread corruption on Wall Street, the securities industry and regulators watching over it have taken many steps to weed out abuses. Still, the abuses have hardly disappeared and may well be growing in some cases, regulators and some Wall Street officials say. In the two years since Boesky's guilty plea, investment firms have buttressed their efforts to comply with the law.
BUSINESS
July 24, 1988 | DAVID A. VISE and STEVE COLL, The Washington Post
On Wall Street, it may well be remembered as the Deal of the Century. Through heavy borrowing, smart timing and perhaps a bit of luck, three partnerships, including current and former officials of the investment firm Drexel Burnham Lambert, are on the verge of turning a $6-million chemical industry investment into nearly $500 million in just three months.
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