Business

Baxter International in advanced talks to buy Hill-Rom for $10 billion: report

Baxter Worldwide Inc. 
BAX,
+0.27%

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
HRC,
+0.96%

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.

An expanded version of this report can be found at WSJ.com

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

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