Investors positive about settlements

Friday, Nov. 29, 2002 | 9:50 a.m.

Companies that have faced asbestos litigation saw their stocks rise today after Sealed Air Corp. agreed to settle current and future asbestos-related claims from its 1998 purchase of Cryovac from W.R. Grace & Co., and Fresenius Medical Care AG -- which bought a unit from Grace -- neared a settlement.

Georgia-Pacific Corp. rose $2.48, or 14 percent, to $20.05 and traded as high as $20.10 today. Halliburton Co. rose $1.87, or 9.7 percent, to $21.06 and traded as high as $21.15. Honeywell International Inc. rose $1.69, or 6.9 percent, to a high of $26.13. McDermott International Inc. rose 73 cents, or 29 percent, to $3.22 and traded as high as $3.25.

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