OTHER NEWS - Aug. 1, 1991
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From Times Staff and Wire Reports
Singer to Go Public: The company that makes Singer sewing machines is going public again, two years after International Semi-Tech Microelectronics Inc. of Toronto bought it. About 15.5 million shares in SSMC Inc. will be sold at a price of $14 to $16 a share. Proceeds will be used to retire debt incurred in the 1989 buyout.
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