Hill-Rom Shares Rally Nearly 9% On WSJ Report of Baxter Deal Talks
July 28 2021 - 12:43PM
Dow Jones News
By Colin Kellaher
Shares of Hill-Rom Holdings Inc. rose nearly 9% on Wednesday
after The Wall Street Journal reported 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, the Journal
reported, citing people familiar with the matter.
Hill-Rom shares were recently up 8.9% to $134.83, while shares
of Baxter slipped 0.6% to $81.62.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 28, 2021 12:35 ET (16:35 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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