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.
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