The biggest cash deal in Hollywood history was closed last week exactly as prescribed by the script. Howard Hughes gave an $8,825,690 check to Atlas Corp.'s Floyd Odium for its 929,020 shares of stock (24%)and controlof Radio-Keith-Orpheum Corp. (TIME, May 10). (Atlas still kept an interest in RKO by its ownership of warrants to buy some 300,000 shares of stock.) Despite ample warnings of the change, RKO's staff got so jittery over their new boss that RKO President Nathaniel Peter Rathvon had to pour out soothing syrup: "Mr. Hughes has no hungry army of relatives looking for your jobs,...
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