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

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.

An expanded version of this report can be found at | Baxter Worldwide in superior talks to purchase Hill-Rom for $10 billion: report


Inter Reviewed is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button