Four in a Lifeboat for Three

February 1968
Time;2/2/1968, Vol. 91 Issue 5, p74
The article reports on the dissolution of ties between oil-realty-finance firm Sunasco Inc. with its subsidiary Sunset International Petroleum Corp. Sunasco has sold Sunset Petroleum to Manhattan, New York City's Commonwealth United Corp., a movie-making and distributing firm with realty and insurance businesses. Sunasco has suffered when it merged with Sunset International since April 1966 since it failed to generate gains from its 14 million U.S. dollar worth of long-term debentures.


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