Show 4 Paramount Acquires sl Another M Movie o Jie Chain lien L NEW r YORK July July- 31 AP AP- AP Par Famous Lasky y corporation corpora corpora- tion announced today that It had ar arranged arranged ar- ar ranged so ranged o to acquire by hy ari n ex exchange hange of I stock substantially all aU of the of the out but outstanding standing preferred stock and at Je least st 90 per cent of the cla class A comm common com com- corn com I m monk mon n of ot Saenger er Th atres Inc o of ot N NV V n S Saenger enger Theatres h op operates op crates a a. a ch chain hain ln of ot houses llo throughout through throughout out eleven cleven southern states Central Aln America and the West Indies E E. V. V Ri Richards hards general manager of ott othO the hG chain becomes a no vice president of ot Theatres tres operating subsidiary sub sub- sl lary of I P r u t |