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From Times Staff and Wire Reports

General Cinema Extends Deadline Again: A small group of bondholders continued to hold out in a game of financial brinkmanship that threatened to wreck General Cinema’s planned $1.5-billion purchase of Harcourt Brace Jovanovich. General Cinema extended its deadline twice Tuesday for holders of Harcourt Brace bonds to tender them, with the most recent deadline set at 5 p.m. Tuesday. Holders of 90% of the face value must tender their bonds for the transaction to go through, and General Cinema is just short of that goal. Bondholders were said to be negotiating among themselves. The company said it wouldn’t have an announcement until today.

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