Dow Today – Hill-Rom Shares Rally On Reports of Baxter Deal Talks — Update
By Colin Kellaher
Shares of Hill-Rom Holdings Inc. rose nearly 9% Wednesday after published reports that Baxter International Inc. is in talks to buy the medical-equipment maker.
The talks are at an early stage, and Chicago-based Hill-Rom has already rebuffed a $144-a-share bid from Baxter, according to people familiar with the matter.
The talks were first reported by Bloomberg.
Hill-Rom shares were recently up 8.7% to $134.49, while shares of Baxter slipped 0.1% to $82.04.
Write to Colin Kellaher at [email protected] Zoom.com
(END) Dow Jones Newswires
July 28, 2021 13:56 ET (17:56 GMT)
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