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Nellcor stock gains 5% in May despite initial negative reaction to P-B merger.

This article was originally published in The Gray Sheet

Executive Summary

NELLCOR STOCK WEATHERS INVESTOR SKEPTICISM ABOUT P-B DEAL, climbing two points to 43-1/2 in May after sinking as low as 36 on May 22, the day the company announced its agreement to merge with Puritan-Bennett in a $475 mil. stock-for-stock transaction ("The Gray Sheet" May 29, p. 10).

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