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Wednesday, July 28, 2021

Hill Rom Stock Shoots Higher As Baxter In Early Talks

 

  • According to people familiar with the matter, Baxter International Inc BAX 0.6% is reportedly in talks to buy Hill-Rom Holdings Inc HRC 9.12%.
  • The talks are at an early stage, some of the people said, and there’s no guarantee a deal will be reached. 
  • It would be pretty substantial should there be one, as Hill-Rom has a market value of about $8 billion.
  • Hill-Rom has already rebuffed a $144-per-share bid from Baxter, Wall Street Journal reported.

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