- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
