FLOYD ODLUM'S ATLAS CORP. is buying heavily into RKO Pictures Corp., while other stockholders are selling their shares on Howard Hughes's offer of $6. Since RKO sold its moviemaking properties to Hughes, it now has only cash and a corporate name. Odium would like to get the corporate shell, perhaps offset its $20 million in losses against future earnings in new ventures. Atlas, which has more than 17% of the stock, would like to get Hughes's 32% interest.
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