Insilco Corp. stock soared after the company...
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Insilco Corp. stock soared after the company announced that management is considering a leveraged buyout of the maker of metal military cartridges and consumer and industrial products. Insilco stock rose $6.25 a share to $27.50 in early New York Stock Exchange trading. A buyout of the company’s 20.89 million outstanding shares at that price would be worth $574.5 million. Insilco said there were no assurances a leveraged buyout offer would be made or completed and declined to elaborate on its announcement.
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