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Hill-Rom Jumps on Report Baxter Wants to Buy It for $10 Billion

Investing.com2021-08-30

Investing.com – Hill-Rom stock was up more than 10% in early trading on a report in The Wall Street Journal that medical technology company Baxter is in advanced talks to buy the maker of hospital equipment in a deal worth around $10 billion.

The WSJ report pegged the value of each Hill-Rom share that Baxter is ascribing to it at $150, around 13% higher than the stock’s closing on Friday.

Baxter share had closed 0.3% higher Friday and traded 2.7% up in early trading on Monday.

Mergers and acquisitions in the U.S. healthcare sector have taken place at a frenetic pace this year amid booming demand for these services in the wake of the pandemic.

Takeover deals worth $399 billion have been struck in the U.S. so far this year, according to Dealogic.

Hill-Rom is a maker of hospital beds and patient-monitoring devices. Baxter is a medical-technology company focusing on critical care, nutrition and surgical products.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Rickyt089
    ·2021-08-30
    Like pls
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    • SeC
      ?
      2021-08-31
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    • lsn_9812
      Liked
      2021-08-31
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  • littlekitten
    ·2021-08-30
    Cool
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  • RTR
    ·2021-08-30
    Thx
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  • Chunfai92
    ·2021-08-30
    Thanks for sharing 
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  • Darrs21
    ·2021-08-30
    Like
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    • Calvinq
      Ok like back pls
      2021-08-30
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  • wyin08
    ·2021-08-30
    Pls like
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  • Alafista
    ·2021-08-30
    Pls like
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  • ROLEM7790
    ·2021-08-30
    [微笑] 
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  • CPkawaii
    ·2021-08-30
    Shhs
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  • lyoshen
    ·2021-08-30
    hi
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  • Enenen
    ·2021-08-30
    Ssh
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    • lyoshen
      ya
      2021-08-30
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  • Anni001
    ·2021-08-30
    Please help likeThanks 
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  • YS_ZENG
    ·2021-08-30
    Pls like
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    • Chloeyeo
      Liked
      2021-08-30
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  • Lowger
    ·2021-08-30
    wooooooaaaaw
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  • Yonakazuk
    ·2021-08-30
    Okay go ahead buy!
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    • Lowger
      wooooooaaaaw
      2021-08-30
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    • jim83
      nice
      2021-08-30
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    • Xann
      Ok
      2021-08-30
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