General Cinema Sells Cadbury-Schweppes Stake: General Cinema...
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From Times Staff and Wire Reports
General Cinema Sells Cadbury-Schweppes Stake: General Cinema Corp. sold most of its 17% stake in Cadbury-Schweppes to two British securities firms for almost $600 million. General Cinema, a theater operator and retailer, said it would earn an after-tax gain of $80 million on the deal with Cazenove & Co. and Barclays de Zoete Wedd Ltd. The Newton, Mass.-based company invested in Cadbury-Schweppes in 1987.
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