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Philip Morris eyeing Nabisco 

Philip Morris Cos. still expects to close its merger with Nabisco Holdings Corp. this year but likely not until the latter half of December.

A Philip Morris spokesman said the company is still complying with the second request in the antitrust review by the Federal Trade Commission.

"We're in discussions," the spokesman said of the FTC review. "It's a pretty fluid process."

The spokesman declined to say if the maker of Marlboro cigarettes and Kraft cheese products was divesting assets to satisfy the FTC. If the company arranges any divestitures, it will announce the sales publicly, the spokesman said.

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