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June 03, 1997

PepsiCo Inc. confirmed plans to make its North American bottling operations a separate unit, which analysts said may be the first step to spinning off or selling all or part of the business, estimated to be worth about $2 billion. . . . Physicians Corp. of America said it is in talks to be bought for $266 million, or $7 a share, two months after a previous suitor abandoned an agreement to buy the Miami-based managed-care company.

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