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

by Vandana Singh, Benzinga Editor

August 30, 2021 8:16 AM | 1 min read | Make a Comment

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.