Benzinga | Aug 30, 2021 08:16AM EDT

Baxter In Advanced Talks For $10B Hill Rom Buyout: WSJ

* The Wall Street Journal reported that Baxter International Inc (NYSE:BAX) is reportedly in advanced talks to Hill-Rom Holdings Inc (NYSE:HRC) for about $10 billion, citing people familiar with the matter.

* The report said a takeover deal could value Hill-Rom at around $150 per share, and the agreement could be reached by midweek if the talks do not fall apart.

* The talks follow an earlier bid from Baxter worth $144/share that Hill-Rom rebuffed.

* Related Content: Baxter In Early Talks To Acquire Hill Rom

* Hill-Rom currently has nearly $9 billion market capitalization, while Baxter's is around $37 billion.

* Price Action: BAX stock is trading 0.99% higher at $74.70, and HRC stock is up 8.35% at $144 in the premarket session on the last check Monday.