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BRIEFLY

September 22, 1987

N.V. Philips sweetened its takeover bid for North American Philips Corp. for a second time, to $680 million. The Dutch electronics giant said it would offer $56 a share in cash for the 42% of North American Philips it does not already own. N.V. Philips originally offered about $610 million, and later sweetened that by adding warrants for stock in its parent company. The new offer does not include those warrants.

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