Baxter (BAX) Said to Make Takeover Offer for Hill-Rom Holdings (HRC) - Bloomberg

July 28, 2021 11:29 AM EDT

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(Updated - July 28, 2021 11:31 AM EDT)

Baxter (NYSE: BAX) made a takeover offer for Hill-Rom Holdings (NYSE: HRC), according to Bloomberg, citing people with knowledge of the matter.

Hill-Rom Holdings reportedly rejected a bid of about $144 per share as too low.

Consideration are ongoing and Baxter may return with a higher offer.

Hill-Rom shares climbed 14% following the report.

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