logo
  

Baxter In Advanced Talks To Buy Hill-Rom For About $10 Bln : Report

Baxter International Inc. (BAX) is in advanced talks to buy Hill-Rom Holdings Inc. (HRC) for about $150 per share, valuing the medical-equipment maker at about $10 billion, the Wall Street Journal reported citing people familiar with the matter.

A deal could be reached by midweek assuming the talks don't fall apart, the Journal reported.

The talks follow an earlier bid from Baxter worth $144 per hare that Hill-Rom rebuffed.

Hill-Rom offers services including smart beds for patients, diagnostics and monitoring technologies.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Bobo's recalled one lot of Bobo's 4-pack Almond Butter Protein Bars for potentially containing undeclared peanuts, the U.S. Food and Drug Administration or FDA said in a statement. The recall was initiated after it was discovered that product containing peanuts was distributed in packaging that did not reveal the presence of peanuts on the ingredient deck. Birmingham, Michigan-based RFA Brands LLC, d/b/a myCharge is recalling about 67,000 units of myCharge powerbanks citing fire and burn risks, the U.S. Consumer Product Safety Commission said. The recall was initiated after myCharge received 30 reports of the powerbanks overheating, resulting in seven injuries as well as property damage to household flooring, walls and furniture. Comcast Corp. (CMCSA, CMCSK) on Thursday reported that profit for the third quarter doubled from last year, driven by 19 percent revenue growth amid significant growth across each of its businesses. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also declared a quarterly dividend.
Follow RTT