Uv industries inc liquidating trust
(New York Times, September 17, 1976) Posner held the same percentage by early December 1977.(New York Times, December 9, 1977) 1977-1978 Victor Posner began his hostile takeover by buying shares of UV Industries, following his pattern of buying interest in companies that were undervalued in relation to their stock price.The million merger included Castle Valley Coal Company, Panther Coal Company, Black Hawk Coal Company, and Consolidated Fuel Company. (Utah corporation records, index number 13150) November 1971 USSR&M closed its Lark mine in Bingham Canyon, and its Midvale mill and concentrator.The merger was being blocked by the minority stockholders of Castle Valley Coal Company. The concentrate was being shipped to the International smelter near Tooele.(Eastern Utah Advocate, June 6, 1912, "last Saturday") To finance the acquisition of the coal interests in Carbon County, the United States Smelting, Refining & Mining Company organized a subsidiary called The Utah Company, whose debt was fully guaranteed by the United States company.The Utah Company was organized to purchase the Black Hawk Coal Company, the Consolidated Fuel Company, and two-thirds interest in Castle Valley Coal Company, and to finance the construction of a 80-mile railroad between Spanish Fork and the mines in Carbon County.However, the two companies have always enjoyed a good working relationship because all of Utah Railway's interchange of most of its traffic at Provo with UP.
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(Coal Age, July 27, 1912, page 140) March 19, 1915 "Mammoth Coal Merger -- Four Big Utah Mines to be Consolidated -- Salt Lake City -- It is reported here that four large Utah coal companies will be merged on April 1 into one company, to be known as the United States Fuel Company, with a total capitialization of ,000,000. the company was to take over the interests of Consolidated Fuel Company, Castle Valley Coal Company, Black Hawk Coal Company, Utah Coal Sales Company, and a number of smaller coal mines in Emery and Carbon counties.