RTTNews | Aug 29, 2021 10:37PM EDT

22:37 Sunday, August 29, 2021 (RTTNews.com) - 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.

Read the original article on RTTNews ( https://www.rttnews.com/3221669/baxter-in-advanced-talks-to-buy-hill-rom-for-about-10-bln-report.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved