Baxter Worldwide Inc.
is in superior talks to purchase medical-equipment maker Hill-Rom Holdings Inc. for round $10 billion, based on folks accustomed to the matter.
A deal that values Hill-Rom
at round $150 a share may very well be reached by midweek assuming the talks don’t collapse, the folks mentioned.
The talks comply with an earlier bid from Baxter worth $144 a share that Hill-Rom rebuffed. Hill-Rom shares jumped in late July on news of that bid and have remained elevated, closing Friday at $132.90. Hill-Rom at present has a market capitalization of practically $9 billion. Baxter’s is round $37 billion.
Chicago-based Hill-Rom, based in 1915, makes medical gear akin to hospital beds and patient-monitoring gadgets.
https://www.marketwatch.com/story/baxter-international-in-advanced-talks-for-hill-rom-report-11630304727?rss=1&siteid=rss | Baxter Worldwide in superior talks to purchase Hill-Rom for $10 billion: report