BUSINESS ABROAD: Yankee Doodle on the Rand

In a movie deal in London last week, it looked to the casual reader as though a minnow was teaming up with a whale. To get dollars to expand elsewhere, United Artists sold its 50% common stock interest in Odeon Cinema Holdings. Ltd., the holding company that controls Odeon Theatres, Ltd., parent company of Cinemogul J. Arthur Rank's vast movie empire. The buyer was little-known African Theatres. Ltd., a subsidiary of South Africa's Schlesinger Organization. For a reported $6,300,000, African Theatres' Chairman John Schlesinger got a part-interest in a movie domain that...

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