Silver Standard Resources (SSRI) Plunges on Support for Deal

Silver Standard Resources Inc. SSRI shares dipped 5.4% to $8.80, on word that Institutional Shareholder Services and Glass Lewis & Co. have both recommended that shareholders vote FOR the resolution to approve the issuance of 0.185 of a common share in the capital of Silver Standard as consideration payable to shareholders of Claude Resources Inc. with respect to the previously announced Plan of Arrangement. Share volume totaled one million, compared to an all-day average of 1.8 million