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966 days ago • Posted by William Ramstein

Baxter is in advanced talks to buy medical-equipment maker Hill-Rom for $10 billion

A deal that values Hill-Rom at around $150 a share could be reached by midweek assuming the talks don’t fall apart, the people said. The talks follow 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 currently has a market capitalization of nearly $9 billion. Baxter’s is around $37 billion. Source: WSJ

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