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BRIEFLY

October 30, 1985

Philip Morris said it has accepted for payment 45.2 million General Foods common shares, representing 96.5% of the company, in response to its tender offer . . . Westinghouse Electric said its water reactor division will lay off about 900 employees in an internal restructuring . . . San Francisco-based McKesson Corp. said it completed its previously reported acquisition of Mass Merchandisers Inc.

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