Torrance-based Standard Brands Paint said its directors...

Torrance-based Standard Brands Paint said its directors adopted several anti-takeover measures . . . In a filing with the SEC, Jeffrey Neuman, a Beverly Hills investor, reported that he holds a 5.3% stake in RB Industries . . . Litton Industries said it has reached a definitive agreement to sell its Pine Brook, N.J.-based Sweda International division to Hugin Group PLC of the United Kingdom . . . Levi Strauss & Co. said Pants ‘N’ Stuff Shed House Inc. has agreed to drop all charges in an antitrust suit challenging the apparel manufacturer’s right to select its channels of distribution . . . Coca-Cola reported that it has opened a fourth bottling plant in the People’s Republic of China. The new plant, in Guangdong Province, is adjacent to Macao on China’s southern coast . . . Santa Clara, Calif.-based Avantek said it expects its earnings in the second quarter of 1985 to be below the 21 cents per share that it reported in the second quarter of 1984.