Baxter In Advanced Talks For $10B Hill Rom Buyout: WSJ

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  • The Wall Street Journal reported that Baxter International Inc BAX is reportedly in advanced talks to Hill-Rom Holdings Inc HRC for about $10 billion, citing people familiar with the matter.
  • The report said a takeover deal could value Hill-Rom at around $150 per share, and the agreement could be reached by midweek if the talks do not fall apart.
  • The talks follow an earlier bid from Baxter worth $144/share that Hill-Rom rebuffed.
  • Related Content: Baxter In Early Talks To Acquire Hill Rom
  • Hill-Rom currently has nearly $9 billion market capitalization, while Baxter’s is around $37 billion.
  • Price Action: BAX stock is trading 0.99% higher at $74.70, and HRC stock is up 8.35% at $144 in the premarket session on the last check Monday.
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Posted In: M&ANewsHealth CareGeneralBriefsWall Street Journal
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