Pasadena-based Beverly Enterprises Inc. has announced the...

Pasadena-based Beverly Enterprises Inc. has announced the sale of 27 nursing homes and two retirement villas, with 2,767 beds total, in Illinois to Spring Associates, a limited partnership in Illinois . . . Farley Inc. of Chicago extended for a third time its $1.4-billion unsolicited tender offer for Georgia-based textiles maker West Point-Pepperell Inc., with the bid now set to expire at midnight EST Dec. 14 . . . The Investment Company Institute reported that the assets of the nation’s 459 money market mutual funds fell $1.22 billion to $279.54 billion in the week ended Dec. 7 . . . Pacific Telesis’ directors approved repurchase of up to 10 million shares of the company’s common stock, bringing the total of shares repurchased since October, 1987, to 30 million and the cost to nearly $1 billion . . . the Washington State Supreme Court agreed to hear new arguments in a civil case in which the state is accused of fraud and negligence by holders of defaulted Washington Public Power Supply System. No date was set.