Business & Finance: Mergers: Mar. 18, 1929

Fox-Loew. Denied Nicholas M. Schenck, cinemagnate, President of Loew's, Inc. last January: "There has never been negotiation with Fox or anyone else, either corporation or individual, looking towards the sale of Loew's, Inc., or Metro-Goldwyn-Mayer."

Insisted William Fox, cinemagnate, President of Fox Theatres Corp.. in Manhattan, Feb. 27: "There is absolutely nothing to the report I have purchased Loew properties. I emphatically deny I am even conducting negotiations."

Last week was announced the acquisition by Cinemagnate Fox of Loew's, Inc., and its producing subsidiary, Metro-Goldwyn-Mayer Pictures Corp., bringing the estimated value of Fox...

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