Chevron Corp. of San Francisco has sold...
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Chevron Corp. of San Francisco has sold its 15.6% stake in Amax Inc. back to the company at $23 a share, according to a filing with the Securities and Exchange Commission. Greenwich, Conn.-based Amax may have to make a supplemental payment for the shares at some point in the next two years, depending on the market price for the mineral company’s stock. The maximum amount of the extra payment would be $5 a share, according to the filing.
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