Business Notes: Aug. 5, 1985

TAKEOVRS Sir James Buys a Crown

Anglo-French Millionaire Sir James Goldsmith jets frequently between London, where he controls Cavenham holding company, Paris, where he owns the magazine L'Express, and New York City, where he watches over his Grand Union grocery-store chain. Goldsmith, 52, last week added another stop to his travels: San Francisco. He emerged victorious after an eight-month battle for Crown Zellerbach, the $3 billion California-based paper and forestry giant, and was named chairman of the board. Goldsmith now controls 51.3% of Crown's 27.4 million outstanding shares, and his investment partnership, General Oriental Securities, will get six of eleven seats...

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