Baxter Nears $10 Billion Deal to Buy Hill-Rom, Dow Jones Says
This article is for subscribers only.
Baxter International Inc. is in advanced talks to acquire Hill-Rom Holdings Inc. for about $10 billion, Dow Jones reported, citing people familiar with the matter.
The deal values the medical equipment maker at around $150 a share, Dow Jones reported. That’s a 13% premium to the stock’s closing price of $132.90 on Friday. The transaction is expected to be reached in the middle of the week, and the talks may still fall apart, it said.