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A former SEC official said the combination of a huge spike in Purina Mill's stock price over the past two weeks and the company's reticence about the identity of a buyer is enough to invite an investigation by Nasdaq as a prelude to any Securities and Exchange Commission action. Purina's announcement that it received an offer for the company came after its stock enjoyed higher closes for several days in a row.
May 10, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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