Mission Insurance increased its shares.
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The board of directors approved the 200 million additional shares, for a total of 220 million, in conjunction with the recent bail-out of Los Angeles-based Mission by American Financial Corp., which owns 49.9% of Mission. Also, Carl H. Lindner, chairman of American, was elected chairman of Mission, succeeding Edward A. Smith, who previously announced his intention not to run for reelection.
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