Shelbourne Raises Share in American Pacific Mint
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Shelbourne Associates boosted its stake in Woodland Hills-based American Pacific Mint to 16.4%, or 660,000 shares. Shelbourne, a Cleveland investment partnership, said in a filing with the U.S. Securities and Exchange Commission that it bought 10,000 shares of American Pacific Mint stock for 75 cents per share as an investment on July 26.
According to a letter also filed with the SEC, Shelbourne has options to buy a total of 300,000 additional shares at a price ranging from 35 cents per share to 75 cents per share, depending on when Shelbourne executes the options. American Pacific Mint is a wholesaler of precious metals and jewelry.
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