There strikes and the bondholders will be out, General Cinema Corp.'s chairman said in announcing the third and, he vows, final extension of the company's tender offers for Harcourt Brace Jovanovich Inc. bonds yesterday.

Holdouts in General Cinema's tender offers for Harcourt's bonds endanger not only the cash tender offers, but the two companies' proposed $1.5 billion merger as well, General Cinema's Chairman Richard A. Smith said.

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