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Times Staff and Wire Reports

Woodland Hills-based WellPoint Health Networks Inc. announced that the sale of 13 million shares of its common stock in a public offering began at $28 per share. . . . Los Angeles-based Mercury General Corp., an auto insurance holding company, agreed to buy Oklahoma City-based American Fidelity Insurance Co. for nearly $35 million. . . . Beverly Hills-based Hilton Hotels Corp. said the Nevada Gaming Commission approved its $3-billion acquisition of Bally Entertainment Corp. . . . Cambridge, Mass.-based Cambridge NeuroScience Inc. and Irvine-based Allergan Inc. said they will collaborate on the development of treatments for glaucoma and other eye diseases.

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