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Sunshine Mining Co

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BUSINESS
June 8, 1988
Sunshine Mining Co. plans to reorganize as a subsidiary under a holding company that will take the same name, according to a Securities and Exchange Commission filing. Stockholders will vote on the plan July 26, according to the filing. If it is approved, all of the company's capital stock will be exchanged for holding company common shares.
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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.
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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 8, 1988
Sunshine Mining Co. plans to reorganize as a subsidiary under a holding company that will take the same name, according to a Securities and Exchange Commission filing. Stockholders will vote on the plan July 26, according to the filing. If it is approved, all of the company's capital stock will be exchanged for holding company common shares.
NEWS
October 3, 1985 | Associated Press
The Texas Hunt family, pressed by a growing need for cash to pay off debts, has sold most of its silver and has taken a $1-billion loss, it was reported today. The sale of much of the Hunts' 59 million ounces of silver came in small amounts over the last several months, a family spokesman told the Wall Street Journal. In one of the boldest and most costly attempts ever to corner the market in a precious metal, the Hunts lost an additional $1.
BUSINESS
October 4, 1985 | Associated Press
One of the boldest and most costly attempts ever to corner the market in a precious metal appears to have wound up in a huge loss for the Hunt family of Texas. The family has sold off about 90% of its famed silver hoard, a spokesman said Thursday. The Hunts' audacious plan to corner the silver market, a bid that collapsed along with the metal's prices in 1980, is ending as the sale helps "pay off debts and fund ongoing enterprises," Hunt spokesman Tom Whitaker said.
NEWS
September 1, 1988 | DON ALPERT
Question: I have had the following U.S. proof sets ever since they were issued: 1963-P, 1970-S, 1972-S and 1976-S. And the following mint sets: 1968-P, D and S; 1969-P, D and S; 1970-P, D and S; 1972-P and D, and 1975 P and D. Is it worthwhile to hold on to these sets, or would I be better off selling them now? I paid the mint price for them and I could use the money.--H.L. Answer: Proof and mint sets are fun to collect, although they do not offer a great challenge.
BUSINESS
July 4, 1989 | From Times Wire Services
Wall Street stocks rose Monday with few fireworks on the slowest day of trading in more than two years, as investors hunted for bargains after last week's steep decline. The Dow Jones industrial index rose 12.71 points to close at 2,452.77. Advances led declines 753 to 592. Volume was extremely light with only 68.87 million shares trading hands, down sharply from 170.49 million shares Friday. Traders said many participants had taken the day off before the Independence Day holiday today.
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