Pall Climbs After Report Filtration Maker May Be Bought

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Pall Corp., a maker of air and water filtration equipment, jumped the most in 12 years after the Wall Street Journal reported the company is close to being bought.

Pall Corp. rose 19 percent to $118.62 in New York, its highest price since July 1980. The surge erased the company’s year-to-date drop, pushing its market capitalization to $12.7 billion.