Shots:

• Baxter in talks to acquire Hill-Rom for ~$10B with $150/ share representing a premium of 13% to the stock’s closing price of $132.90. The acquisition is expected to be announced later this week
• The decision follows an earlier bid in which Hill-Rom had turned down Baxter’s previous offer of $144/ share with a total value of ~$9.6B
• Hill-Rom offers a wide range of medical devices and hospital equipment including patients beds for ICU and long-term care to vital sign monitors and wearable electrocardiogram hardware

  | Ref: Reuters | Image: LinkedIn