Is Western Resources' Merger Deal Headed South?

Also: news on Lucent Technologies, Inverness Medical, and others

Starr Securities thinks Western Resources' (WR ) merger with Public Service New Mexico (PNM ) is looking less likely. (5/23) Johnson & Johnson (JNJ ) will acquire Inverness Medical (IMA ) on the basis of $35 in J&J stock per Inverness share. (5/23)

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