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BRIEFLY

September 19, 1986

Prices rose in moderate trading on the Tokyo Stock Exchange with the Nikkei index of 225 stocks rising 141.73 to 17,478.35 . . . Owens-Corning Fiberglas, which rebuffed a takeover bid by Wickes Cos., said it expects to mail proxy materials the week of Sept. 29 relating to its recapitalization plan and expects to hold a special shareholders meeting to vote on the plan during the week of Oct. 20 . . . BankAmerica's Australian subsidiary sold its cash management trust operations to Hambros Australia Ltd., a local securities firm . . . Transamerica increased its quarterly common stock dividend rate to 44 cents per share, payable Oct. 31 to shareholders of record Oct 6. . . . Revlon Group cut the price of its tender offer for Frigitronics Inc. to $29.50 a share from $35.50 because of what it called a "material deterioration" in Frigitronics' business . . . Oregon Freeze Dry Foods, a Seven-Up Co. subsidiary that is the leading U.S. producer of freeze-dried foods, has been purchased by a group of employees for undisclosed terms.

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