We use extensive multiwavelength data to study a flare belonging to the interacting-loop class of events identified by Hanaoka. The class of flares is identified morphologically from the presence of two well-separated radio sources in 17 GHz images (in this event, 160" apart), with only one source showing soft X-ray emission. This event shows many of the other properties apparently shared by this class of flares: a gradual rise showing many subsidiary peaks in both radio and hard X-ray light curves with a quasi-oscillatory nature, the presence of a bright compact X-ray-emitting loop in the main flare source, a delay of the radio emission from the remote source relative to the main X-ray-emitting source, higher circular polarization in the radio emission of the remote source than in the main source, and stronger photospheric magnetic field in the remote source. The new results of our analysis are that we are able to show, using a sequence of magnetograms, that the magnetic field in the main flare site changes sharply at the time of the flare, and further we argue that the remote site is magnetically connected to the main flare site only up to the time of the main impulsive phase, at which point we believe the magnetic connection to the remote site was broken and further flare manifestations are largely confined to the main flare site. This severing of the magnetic connection between two well-separated active regions may be an intrinsic part of the energy release in this flare. The region around the main flare site also exhibits rotation in the magnetogram in the period leading up to the flare. Radio and hard X-ray oscillations with periods of order 5-10 s are observed in the rise phase of this event. If they are due to transverse oscillations of the flare loop at the Alfvén speed, then the density in the loop is inferred to be of order 1011 cm-3 and to increase with time as expected.